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Notice on Apointment of Deputy CEO Nguyen Vu Long
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27/05
Year 2022
PVD – Outlook intact despite bleak 1Q results – Update
Jack-up utilisation rate and day rates are improving but have yet fully covered for drilling fixed costs, which led to net loss of VND56.2bn in 1Q22. We believe in stronger recovery in quarters ahead as current strong oil price environment…
26/05
Year 2022
Power sector – Power demand surge underpin sector outlook
Under the April 2022 PDP8 draft, gas-fired and RE power continue to be embraced while coal-fired might step in its end of era after stop developing from 2030F. We believe in the strong recovery of thermal power in 2022 after…
25/05
Year 2022
VRE – The crowds are returning – Update
VRE’s 1Q22 revenue and net profit fell 39% yoy/52% yoy to VND1,369bn/ VND377bn, in line with our forecast. We expect a strong recovery in a couple of next quarters to bring VRE’s earnings to surge 95.5%/64.6% yoy over FY22F/23F, respectively.…
