research@cardinalstone.com The Payment Assurance Guarantee (PAG) is expected to further improve TRANSCORP’s liquidity in H2’18. The prospect of top line growth is strengthened by our anticipated growth in generation capacity to 589 MW in FY’18 (FY’17: 421 MW). Similarly, we expect higher patronage of TRANSCORP’s hotels in H2’18, stemming from pre-election activities during the period. […]
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