B.Grimm Power - Strong 1Q25 Earnings as Expected
We maintain our 2025E core profit forecast (we expect the IU margin to decline QoQ in 2Q, alongside seasonality of RE power plants and FX impacts...
154 Views
B.grimm Power - In-Line 4Q24-2024 Earnings; Challenges to 2025- 26E Earnings Remain
We have partially reflected these risks in our 2025-26E profit estimates calling for 2Y core EPS growth at a 4% CAGR (unchanged).
195 Views
B.grimm Power - 4Q24E Core Profit Still in Line with Expectations
The 4Q24E core profit remains in line with expectations, but risks from the government's electricity subsidy policy and lower-than- expected IU...
346 Views
B.grimm Power - 3Q24 NP Pressured by Forex Losses but Strong Core Profit
We maintain our 2024-26E core profit estimates (with 2024E expected to grow by +7% and 2025-26E at a 10% CAGR, supported by the commercial kick-off...
179 Views
B.grimm Power - Forex Loss to Weigh on Net Profit, but Strong Core Profit in 3Q24E
We expect weak 3Q24E net profit due to a forex loss, while core profit should have remained strong. We have revised up the 2024E core profit and...
193 Views