Published Date: 28/08/2024
- 2Q24 net profit (NP) increased 66% yoy to VND1,172bn as BHX recorded positive earnings and the sharp recovery of TGDD&DMX.
- We expect FY24-25F NP will reach 4,571/5,238 VNDbn (+26x/14.6% yoy) as TGDD&DMX may recover stronger from 2H24F and BHX earnings may turn positive from FY24F.
- Reiterate ADD with higher TP of VND81,100/share.
