PC1 – Update – Poised for the next phase of investment
Posted:19/02/2025
- 4Q24 NP surged 85% yoy, supported by improvements in core business segments such as power, ore sales, and construction, despite significant forex losses. Thus, 2024 NP increased 11 times, reaching VND460bn, inline with our forecast.
- 2025-26 NP is expected to grow at 67% and 25% yoy, respectively, driven primarily by industrial real estate, residential projects, and power construction.
- Reiterate ADD with unchanged TP of VND29,200/share.
Relevant reports
Don't have an MBS account?
Open an accountStart trading and stay informed with timely updates and valuable reports from MBS.
If you have an MBS account, please register to receive reports from MBS.
Get the latest market updates and corporate insights from MBS.