Ngày đăng: 28/02/2019
Better prospects from newly announced projects
- 41% and 37% increase in earnings forecast in FY19 and FY20 respectively, thanks to (i) higher revenue from power infrastructure construction and steel tower production, (ii) booking of 21% (intead of full recognition in FY18) revenue from the My Dinh Plaza 2 project in 1Q2019 and (iii) full operation of the Bao Lac B hydropower project in FY20 (9 months earlier than previously forecasted).
- The Mong An (30MW) and the Bao Lac B (18MW) hydropower plants could add VND 88bn annually to gross profit from FY20 (10% of total). Besides, the Thanh Xuan
project could contribute an additional VND 156bn gross profit in 1H2020 (17% of totalFY20).
