Power sector – Preview – [Neutral] – 3Q24F Preview: The comeback of Hydropower
We believe that the 3Q24F’s earnings of the hydropower groups could benefit significantly due to the La-Nina phase impact. Besides, thermal power groups record growth thanks to an increase in the FMP (+21% yoy). Therefore, the list of favorite stocks includes QTP (23,400VND; +65% yoy), POW (HOLD), NT2 (HOLD), and REE.
Featured Analysis
Derivatives: Liquidity declines
Market commentary: Green start to the week
USDVND moves sideways ahead of the FOMC
Covered warrant: Liquidity increased again
Derivatives: Awaiting the next breakout
Market commentary: Testing the 10-period moving average
Chart of the day: Awaiting confirmation signal
