NT2- Take advantage of energy-hungry Vietnam – Inititation
- A major thermal power plant in Vietnam’s Southern region to ride on the anticipated power shortage in Vietnam
- We expect FY20-22F net profit CAGR of 9.5% on the back of sustainable utilisation rate, higher CGM price and easing pressure on interest expense.
- Initiate with ADD rating and TP of VND30,100.
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
VND23,250
|
VND30,100
|
8.6%
|
ADD
|
INDUSTRIALS
|
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