TPI Polene Plc – receives the award from the World Business Outlook as the Most Sustainable Conglomerate Group Thailand 2023 in the ceremony held at the  Bangkok Marriott Marquis Hotel on the 25^th of November. As Dr. Porakrit, Executive Vice President, New Business Development alluded in the interview, Sustainability is a journey not a destination. Even after over ten years of continued efforts there are still a lot of improvements and projects that have to be undertaken to achieve our goal to be a Green Building Materials Company. We thank all our stakeholders, our management and employees for the all the support and for sharing with us our sustainability goals.

The Stock Exchange of Thailand held its 20th SET Awards on 21 October 2023. TPI Polene Public Company Limited received the Outstanding Innovative Company Awards for our Innovation in Diffuser-Profile Vortex Generator from a total of 51 competitive entries. We share this moment of pride to all our stakeholders, management and employees. Innovation is at the heart of what the TPI Polene Group does and our persistent efforts in research & development create a moat on our EBITDA margins, underpinning our resilient cash flow generating ability.  

TPI Polene Best Corporate Governance Company in Thailand 2023 Atlantis, The palm Dubai

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%