Published Date: 25/09/2024
- In September 2024, PVS was fully granted upstream EPCI contracts for Block B – O Mon project, replacing the limited contracts (LLOA) awarded ealier.
- We expect net profit of PVS to increase 7.7% and 30.2% in 2024 and 2025, respectively, thanks to the accelerated progress of Block B’s EPCI contracts and contribution from regional offshore wind power EPC contracts.
- Reiterate ADD rating with a higher target price of 50,800 VND/share.
