POW

26

August

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...
Report (2)

19

July

Power sector – In-depth – [OVERWEIGHT] – The Way of Water

In 1H24, nationwide electricity consumption reached 153bn kWh, +13% yoy. In our view, the growth drivers likely came from (1) El-Niño’s prolonged intense heat and (2) the economy's recovery. In...
Report (20)

15

April

Power sector – Preview – [NEUTRAL] – 1Q24F Preview: The El Niño calls Coal-fired

The bright spot in 1Q24 was coal-fired power. Growth came from the shortage of hydropower supply and the benefit of rapidly falling coal prices compared to gas prices in recent...
Report (1)

17

November

POW – In-depth – [BUY +42.6%] – Waiting for somethings new

We recommend BUY for POW stock with a target price of 16,600 VND per share for mid and long-term investment strategy (upside +42.6%). We especially emphasize that in 2024–25, POW's...
Report (4)

02

October

Power – In-depth – [OVERWEIGHT] – Green Era

Long-term, fast growth in demand for electricity opens up a lot of opportunities for industries in the power system. Regarding the power generation activity, especially, we highly evaluate the growth...
Report (3)
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