KEPCO Plant Service & Engineering Co. (XKRX:051600) operates and maintains power plants. The contracts the company signs with the plant owners tend to be long term in nature, and are typically renewed upon completion, providing a long-term recurring revenue stream. KEPCO Plant Service has expanded outside of Korea, with the overseas portion comprising nearly 15% of revenues and providing a boost to growth over the long term.
From Wasatch International Growth (Trades, Portfolio) Fund’s Q1 2015 Commentary.
