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The project had commenced its first-phase operation since September 27, 2019, honored by Aung San Suu Kyi in the opening ceremony. The Power Purchase Agreement (PPA) had been signed by the Ministry of Electricity and Energy (MOEE) on November 19, 2019.
Furthermore, BoT s relaxing criteria in upgrading troubled loans into performing loans when they continue payments for three months (vs. 12 months in the previous accounting practice) will imply a potential reversal in loan loss reserves going forward.
A few days ago, Sears Holdings Corp., the parent company of the chain stores Kmart and Sears, also filed for Chapter 11 bankruptcy Protection. While a year ago, Toy ‘R’ Us who tried to draw its last breath was also forced to liquidate six months later.
The objective of the joint venture is to be an internationally renowned leader in inspection, repair and maintenance services using AI and robotic technology. The new joint venture company is expected to complete the registration within September 2020.
What these two shares have in common is a short buy/sell as CBG is still at risk in long term profit with a tendency to slow down while DOD, the so-called share with strong fundamental, will definitely yield a satisfying profit in long term investment.
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