QTP
05
August
QTP – Earnings review – [BUY] – 2Q24 NPAT a decline significantly to 35% yoy
In 2Q24, QTP recorded revenue of VND3,628bn (-2% yoy). The main reason comes from the output’s QTP in 2Q24, which is estimated to decrease slightly by 2,034mn kWh (-2% yoy)....
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...
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...
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...
Featured Analysis
SBV turns to liquidity withdrawal as USDVND rebounds
Vietnam economy preserves acceleration momentum on exports
Power sector – Preview – [Neutral] – 3Q24F Preview: The comeback of Hydropower
Economic drivers preserve their roles
SBV returns to liquidity injections
Seafood sector – Preview – [Overweight] – 3Q24F Preview: A robust growth trajectory
Oil & Gas sector – Preview – [NEUTRAL] – 3Q24F Preview: low Gas, robust Drilling
