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A New ESG Fund in the Offing

Today, attention should be given to the discussion between the Ministry of Finance and FETCO, focusing on preparations to launch a new type of tax relief fund. This fund will prioritize ESG factors (ESG Fund). Investment strategy recommendation: Select stocks with robust profit growth and high ESG ratings. Source: MST*


Investment Merits: TPIPL/TPIPP

ESG and Sustainability
TPIPL and TPIPP are among the 53 companies that were rated by the SET AA Both companies also received 5-Star CG rating among 68 companies Despite difficult operating conditions both TPIPL and TPIPP delivered resilient performance in 9M2023
TPIPL and TPIPP intensively pursues innovation to meet its ESG and Sustainability objective TPIPP sits on a sizable amount of carbon credits (>1.0 million) that can be monetized when carbon market opens TPIPP has also accumulated increasing number of I-REC credits (>1.0 million) TPI PL Group’s five year capex plan to improve plant operations peak this year

Both companies are cheaply valued TPIPL now trades at 6.9x PE and has dividend yield of 7.25% trailing basis one of the handful companies on the SET whose Yield is higher than its PE (nominally speaking) TPIPP now trades at 8.15x PE and has dividend yield of 7.27%

TPIPL and TPIPP have received “2023 SET ESG Ratings: AA” Corporate Sustainability Assessment

TPI Polene Public Company Limited and TPI Polene Power Public Company Limited have received “2023 SET ESG Ratings: AA” Corporate Sustainability Assessment from the Stock Exchange of Thailand.  This emphasizes the strong intension of business operations to continuously develop towards corporate sustainability  with full responsibilities to stakeholders by taking into account of Environmental, Social and Governance criteria (ESG), reflecting the Company's ability to achieve the Company's ESG performance to show investors its growth potential, competitiveness to generate good and sustainable returns in the long term investment. 

TPI Polene Plc receiving award as the Best Corporate Governance Company in Thailand 2023

For the first time in its history, TPI Polene Plc (TPIPL) and TPI Polene Power Plc (TPIPP) achieved the 5-Star “Excellent” rating of its Corporate Governance Practices for the year 2023 as assessed by both IOD and SET and as published in their “Report of Thai Listed Companies for the Year 2023” (CGR 2023).  This is a validation of our continuous effort to achieve the highest possible standards and adapt best industry practices in all aspects of our operations to advance our long term commitment to BCG Economy, Sustainability Precepts and aiming at creating long term shareholder value.

 Coincidentally, two of our Executive Vice Presidents – Dr Porakrit Leophairatana, New Business Development TPIPL and Mr. Pakkapol Leopairut, Finance TPIPP – attended the 2023 award ceremony held at the Atlantis, The Palm Dubai hosted by International Business Magazine and received the accolade for TPI Polene: The Best Corporate Governance Company in Thailand 2023.

TPIPL and TPIPP have chieved "Excellent CG Scoring, a 5-star corporate governance assessment"

TPI Polene Public Company Limited and TPI Polene Power Public Company Limited prove a next level of operational excellence, following their continuously organizational development to achieve "Excellent CG Scoring, a 5-star corporate governance assessment”  for the year 2023  in  Corporate Governance Report of Thai Listed Companies (CGR) for the year 2023, operated by Thai Institute of Directors (IOD) in collaboration with the Stock Exchange of Thailand (SET) and the Office of Securities and Exchange Commission (SEC). This reflects the determined dedication of the companies' Board of Directors, top management and employees to the continuous development and enhancement of the good corporate governance practices of the companies.

TPIPL: Innovation for Sustainability in the Petrochemical Industry AIBP ASEAN B2B Growth

In this episode of the AIBP ASEAN B2B Growth Podcast together with Dr Virat Chatdarong, PhD, Vice President, Specialty Chemical, TPI Polene Plc, we delve into the innovative approaches TPI Polene has adopted to not only thrive in the market but also contribute to a greener and more environmentally conscious future. Dr Virat addresses topics around the shifting landscape of the petrochemical industry, data-driven Improvements and Strategies, business sustainability at TPI Polene, and key considerations for digitalisation in the future.

 

https://open.spotify.com/episode/0kfwWUh8gdFylyIcwIrWPs?si=c855c7bfb14a4e29

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