Published Date: 28/08/2024
- 2Q24 net profit (NP) reached VND62bn from 2Q23 net loss of VND13bn, supported by recovery across core businesses such as power, and power construction.
- 2024F NP may grow 235% yoy thanks to power and construction rebound, while property segment will drive 2025-26F NP growth by 56% yoy and 53% yoy.
- Reiterate ADD with higher TP of VND34,500/share.
