Published Date: 14/08/2024
- 2Q24 NP rose 110% yoy, driven by robust financial expenses drop despite poor performance among core businesses such as power and property.
- We expect a modest NP growth of 9% yoy in 2024 then surging 67% yoy in 2025 mainly due to the delay Charm Villa Phase 3 from 2024 to 2025.
- Reiterate ADD with higher TP of VND33,900/share.
