Published Date: 06/01/2025
- 2024 NP decline of 82% yoy to VND85bn, primarily driven by reduced output amidst severe gas supply shortage.
- Looking to 2025-26, improved gas allocation and growing electricity demand to support a robust NP recovery of 289% yoy and 63% yoy.
- Recommend ADD with a target price of 23,900đ/cp.
