MER’s Earnings to Accelerate in 2019 to 2021
March 6, 2017
MER posted modest results despite strong Gwh sales. Its 2016 financial results again shows how decreasing power distribution rates minimize profitability. It also points out the need to diversify into power generation. It has a roster of projects from 2019 onwards which will stabilize profitability. Aside from share price appreciation prospects, MER is a favorable cash dividend play for investors preferring stability and predictability of returns.
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