POW – Earnings review – [HOLD] – Positive results from the low base
In 2Q24, POW recorded revenue of VND9,407bn (+9% yoy). The primary growth driver of commercial output reached 4,825mn kWh, up 11% compared to the same period. In which, Vung Ang coal-fired thermal plant and Dakdrinh hydropower plant are key factors. As a result, gross profit strongly increased to VND724bn (+54% yoy) and the gross margin rose to 7.7% in 2Q24, a rise of 2.1% pt yoy. The improvement in output and GM boosted NPAT to VND450bn (+148% yoy).
Featured Analysis
Market commentary: Real Estate leads market rally
Derivatives: Selling pressure emerging?
Derivatives: Continued uptrend
Market commentary: Widespread gains
Market traders: Foreign investors posted record net buying
Derivatives: Uptrend confirmed
Market commentary: Maintaining the uptrend
Bài viết liên quanXem tất cả >
11/07/2025
Transitioning into the Era of National Rise
11/07/2025
Derivatives: Selling pressure emerging?

Introduce
Rules