Reported Earnings • Mar 04
Full year 2025 earnings released: EPS: ฿0.07 (vs ฿0.18 in FY 2024) Full year 2025 results: EPS: ฿0.07 (down from ฿0.18 in FY 2024). Revenue: ฿1.28b (down 65% from FY 2024). Net income: ฿58.4m (down 61% from FY 2024). Profit margin: 4.5% (up from 4.1% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. New Risk • Feb 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (฿1.06b market cap, or US$33.7m). Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ฿1.33, the stock trades at a trailing P/E ratio of 66.5x. Average trailing P/E is 14x in the Metals and Mining industry in Thailand. Total loss to shareholders of 58% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ฿1.19, the stock trades at a trailing P/E ratio of 59.5x. Average trailing P/E is 14x in the Metals and Mining industry in Thailand. Total loss to shareholders of 61% over the past three years. Reported Earnings • Nov 16
Third quarter 2025 earnings released: ฿0.002 loss per share (vs ฿0.008 profit in 3Q 2024) Third quarter 2025 results: ฿0.002 loss per share (down from ฿0.008 profit in 3Q 2024). Revenue: ฿199.3m (down 61% from 3Q 2024). Net loss: ฿1.68m (down 126% from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ฿1.42, the stock trades at a trailing P/E ratio of 47.3x. Average trailing P/E is 13x in the Metals and Mining industry in Thailand. Total loss to shareholders of 62% over the past three years. New Risk • Aug 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 34% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (฿1.06b market cap, or US$32.5m). Reported Earnings • Aug 15
Second quarter 2025 earnings released: ฿0.014 loss per share (vs ฿0.045 profit in 2Q 2024) Second quarter 2025 results: ฿0.014 loss per share (down from ฿0.045 profit in 2Q 2024). Revenue: ฿139.2m (down 87% from 2Q 2024). Net loss: ฿11.2m (down 132% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ฿1.66, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 17x in the Metals and Mining industry in Thailand. Total loss to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ฿1.05, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 14x in the Metals and Mining industry in Thailand. Total loss to shareholders of 72% over the past three years. New Risk • Jun 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (฿616.0m market cap, or US$18.8m). Reported Earnings • May 16
First quarter 2025 earnings released: EPS: ฿0.004 (vs ฿0.10 in 1Q 2024) First quarter 2025 results: EPS: ฿0.004 (down from ฿0.10 in 1Q 2024). Revenue: ฿632.9m (down 54% from 1Q 2024). Net income: ฿3.31m (down 96% from 1Q 2024). Profit margin: 0.5% (down from 5.9% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ฿1.16, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 12x in the Metals and Mining industry in Thailand. Total loss to shareholders of 76% over the past three years. New Risk • Apr 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (4.1% net profit margin). Market cap is less than US$100m (฿1.02b market cap, or US$29.8m). Reported Earnings • Mar 01
Full year 2024 earnings released: EPS: ฿0.18 (vs ฿0.51 in FY 2023) Full year 2024 results: EPS: ฿0.18 (down from ฿0.51 in FY 2023). Revenue: ฿3.67b (up 6.1% from FY 2023). Net income: ฿147.9m (down 64% from FY 2023). Profit margin: 4.0% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 29% per year. Annuncio • Feb 28
Chow Steel Industries Public Company Limited, Annual General Meeting, Apr 25, 2025 Chow Steel Industries Public Company Limited, Annual General Meeting, Apr 25, 2025, at 14:00 SE Asia Standard Time. Location: at auditorium room, 3rd floor, c asean, thaibev quarter, 62 ratchadapisek road, klongtoey bangkok, thailand., bangkok Thailand Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ฿1.30, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 13x in the Metals and Mining industry in Thailand. Total loss to shareholders of 60% over the past three years. New Risk • Nov 23
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.1% Last year net profit margin: 10.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (6.1% net profit margin). Market cap is less than US$100m (฿1.74b market cap, or US$50.6m). New Risk • Nov 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿1.81b market cap, or US$51.6m). Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ฿2.98, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 16x in the Metals and Mining industry in Thailand. Total loss to shareholders of 16% over the past three years. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: ฿0.04 (vs ฿0.013 loss in 2Q 2023) Second quarter 2024 results: EPS: ฿0.04 (up from ฿0.013 loss in 2Q 2023). Revenue: ฿1.07b (up 27% from 2Q 2023). Net income: ฿35.6m (up ฿45.8m from 2Q 2023). Profit margin: 3.3% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ฿3.40, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 17x in the Metals and Mining industry in Thailand. Total loss to shareholders of 17% over the past three years. Reported Earnings • May 17
First quarter 2024 earnings released: EPS: ฿0.10 (vs ฿0.006 loss in 1Q 2023) First quarter 2024 results: EPS: ฿0.10 (up from ฿0.006 loss in 1Q 2023). Revenue: ฿1.38b (up 194% from 1Q 2023). Net income: ฿80.3m (up ฿85.0m from 1Q 2023). Profit margin: 5.8% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Annuncio • May 10
Chow Steel Industries Public Company Limited Approves Appointment of Cristobal Chin Syen Loong as Director Chow Steel Industries Public Company Limited at its AGM held on April 25, 2024, approved the appointment of director namely Mr. Cristobal Chin Syen Loong. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improves as stock rises 39% After last week's 39% share price gain to ฿2.36, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 11x in the Metals and Mining industry in Thailand. Total loss to shareholders of 37% over the past three years. New Risk • Mar 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 868% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (฿1.37b market cap, or US$38.5m). Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: ฿0.51 (vs ฿1.36 in FY 2022) Full year 2023 results: EPS: ฿0.51 (down from ฿1.36 in FY 2022). Revenue: ฿3.89b (up 198% from FY 2022). Net income: ฿408.4m (down 63% from FY 2022). Profit margin: 11% (down from 83% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Annuncio • Feb 29
Chow Steel Industries Public Company Limited, Annual General Meeting, Apr 25, 2024 Chow Steel Industries Public Company Limited, Annual General Meeting, Apr 25, 2024, at 14:00 SE Asia Standard Time. Location: Semina Room 301, ThaiBev Quarter, 3 Floor, No.62 Ratchadaphidek Road, Klongtoey Sub-District, Klongtoey District, Bangkok Thailand Agenda: To consider and adopt the minutes of the 2023 Annual General Meeting of the Shareholders held on 27 April 2023; to acknowledge the Company’s performance for the year 2023; to approve the financial statement for the fiscal year ended 31 December 2023; to approve the Omission of dividend payment and non-appropriation of profit to legal reserve for the year 2023; to approve the appointment of the auditors and the audit fees for the year 2024; to approve the election of directors who will be retired by rotation; to approve the appointment of new director; and to consider other matters. New Risk • Feb 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (10% net profit margin). Market cap is less than US$100m (฿1.17b market cap, or US$32.8m). New Risk • Nov 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 532% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (10% net profit margin). Market cap is less than US$100m (฿1.10b market cap, or US$31.2m). Reported Earnings • Nov 16
Third quarter 2023 earnings released: EPS: ฿0.38 (vs ฿0.064 loss in 3Q 2022) Third quarter 2023 results: EPS: ฿0.38 (up from ฿0.064 loss in 3Q 2022). Revenue: ฿1.57b (up ฿1.44b from 3Q 2022). Net income: ฿307.4m (up ฿358.7m from 3Q 2022). Profit margin: 20% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 17
Second quarter 2023 earnings released: ฿0.01 loss per share (vs ฿0.007 loss in 2Q 2022) Second quarter 2023 results: ฿0.01 loss per share (further deteriorated from ฿0.007 loss in 2Q 2022). Revenue: ฿842.4m (up 107% from 2Q 2022). Net loss: ฿10.2m (loss widened 88% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. New Risk • Jul 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.06x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (฿1.28b market cap, or US$37.0m). Reported Earnings • May 17
First quarter 2023 earnings released: ฿0.01 loss per share (vs ฿1.42 profit in 1Q 2022) First quarter 2023 results: ฿0.01 loss per share (down from ฿1.42 profit in 1Q 2022). Revenue: ฿467.5m (up 119% from 1Q 2022). Net loss: ฿4.68m (down 100% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improved over the past week After last week's 23% share price gain to ฿3.68, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 10x in the Metals and Mining industry in Thailand. Total returns to shareholders of 163% over the past three years. Reported Earnings • Nov 19
Third quarter 2022 earnings released: ฿0.064 loss per share (vs ฿0.12 loss in 3Q 2021) Third quarter 2022 results: ฿0.064 loss per share (improved from ฿0.12 loss in 3Q 2021). Revenue: ฿159.9m (up 159% from 3Q 2021). Net loss: ฿51.3m (loss narrowed 48% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 10 highly experienced directors. Independent Director Kalyaporn Bruke was the last director to join the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Aug 18
Second quarter 2022 earnings released: ฿0.009 loss per share (vs ฿0.052 loss in 2Q 2021) Second quarter 2022 results: ฿0.009 loss per share (up from ฿0.052 loss in 2Q 2021). Revenue: ฿412.5m (up ฿377.4m from 2Q 2021). Net loss: ฿5.43m (loss narrowed 87% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Board Change • Jun 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 10 highly experienced directors. Independent Director Kalyaporn Bruke was the last director to join the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Annuncio • Mar 07
Chow Steel Industries Public Company Limited Announces Reopening of Production Line According to Chow Steel Industries Public Company Limited has temporary halt the production line during the COVID-19 impairment. However, with this stoppage, the company took the opportunity and invested in a new factory and improved the products and production process to serve customer orders for various types of products to be more competitive in the market in 2022. At present, the company would like to inform that to be ready to come back for re-operating and started to receive orders from 3 March 2022 onwards. Reported Earnings • Mar 02
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: ฿0.16 loss per share (up from ฿0.33 loss in FY 2020). Revenue: ฿361.6m (down 34% from FY 2020). Net loss: ฿130.5m (loss narrowed 51% from FY 2020). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Nov 18
Third quarter 2021 earnings released Third quarter 2021 results: Net loss: ฿98.9m (loss widened 7.6% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 19
Second quarter 2021 earnings released Second quarter 2021 results: Net loss: ฿41.7m (down 265% from profit in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Reported Earnings • May 19
First quarter 2021 earnings released: ฿0.058 loss per share (vs ฿0.24 loss in 1Q 2020) The company reported a soft first quarter result with weaker revenues and control over costs, although losses reduced. First quarter 2021 results: Revenue: ฿33.0m (down 84% from 1Q 2020). Net loss: ฿45.4m (loss narrowed 76% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Annuncio • Mar 02
Chow Steel Industries Public Company Limited, Annual General Meeting, Apr 29, 2021 Chow Steel Industries Public Company Limited, Annual General Meeting, Apr 29, 2021, at 07:00 Coordinated Universal Time. Location: Auditorium room, 3rd Floor, C-asean, ThaiBev Quarter 62 Ratchadapisek Road, Klongtoey Bangkok Thailand Agenda: To consider and ratify the minutes of the extraordinary general meeting of shareholder's meeting no.1/2021 held on 27 January 2021; to acknowledge the company's operating results for 2020; to consider and approve the financial statements for the year ended 31 December 2020; to consider and approve the non-allocation of profit into the legal reserve and the non-dividend payment for the year 2020; to consider and approve the appointment of director replacing those retire by rotation; to consider and approve the remuneration of directors for the year 2021; to consider and approve the appointment of the auditors and determine the auditor's remuneration for the year 2021; to approve the amendment of the articles of association; and to consider other business (if any). Is New 90 Day High Low • Dec 18
New 90-day high: ฿2.58 The company is up 45% from its price of ฿1.78 on 18 September 2020. The Thai market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 29% over the same period. Is New 90 Day High Low • Nov 27
New 90-day high: ฿2.10 The company is up 7.0% from its price of ฿1.97 on 28 August 2020. The Thai market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Metals and Mining industry, which is up 6.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: ฿0.11 loss per share The company reported a solid third quarter result with improved revenues and control over expenses, though losses increased. Third quarter 2020 results: Revenue: ฿369.7m (up 36% from 3Q 2019). Net loss: ฿91.9m (loss widened 32% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 99% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 20
New 90-day low: ฿1.48 The company is down 27% from its price of ฿2.04 on 22 July 2020. The Thai market is down 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 7.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: ฿1.70 The company is down 23% from its price of ฿2.22 on 24 June 2020. The Thai market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 6.0% over the same period. Annuncio • Jul 31
An Infrastructure Fund in Japan completed the acquisition of five solar power plants in Japan from Chow Steel Industries Public Company Limited (SET:CHOW). An Infrastructure Fund in Japan agreed to acquire five solar power plants in Japan from Chow Steel Industries Public Company Limited (SET:CHOW) on February 22, 2019. The net transaction value is approximately ¥1.93 billion. One solar power plant is located in Gifu while four in Fukui. The Board of Directors of Chow Steel Industries Public Company Limited has approved the transaction. As of March 29, 2019, Chow Steel Industries Public Company Limited has received proceeds of ¥1.7 billion from the sale of Fukui1, Fukui5, Fukui6 and Fukui7 project.
An Infrastructure Fund in Japan completed the acquisition of five solar power plants in Japan from Chow Steel Industries Public Company Limited (SET:CHOW) in second quarter of 2019. 
