REE
19
January
Power sector – In-depth – [NEUTRAL] – 2025 Outlook: Opportune moment
In 2025, nationwide electricity consumption is expected to maintain an 11% yoy growth, with hydropower and gas-fired power being the highlights of the sector. This is attributed to the anticipated...
07
November
REE – Brief – [NONRATED] – Waiting for the Real Estate story
3Q24 revenue persisted a 5% yoy to VND2,061bn, fulfilling 63% of KIS forecast, as the occupancy rate of the Etown 6 fell short of our expectations. Meanwhile, NPAT surged by...
14
August
REE – Brief – [NONRATED] – NPAT dropped as the decline’s Utilities segment
REE recorded a revenue of VND2,181bn, an increase slight of 0.3% compared to the same period, while NPAT reached a decline strongly with VND404bn, a drop 35% yoy. The main...
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...
Featured Analysis
Fund flow: Positive developments in Vietnam
Market commentary: Market recovery
Derivatives: Bull Trap?
GMD – Brief – [NONRATED] – Net profit contracts due to extraordinary loss
HAH – Brief – [NONRATED] – Record quarterly profit
BID – Earnings review – [BUY] – Improving earnings quality
GAS – Earnings Review – [BUY] – 4Q24: New sources of growth
