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).
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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...
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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...
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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...
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B.grimm Power - Negatives Largely Priced In; Pursuing GreenLeap Growth Strategy
In addition, unrealized forex losses have already been factored into our revised 2024-26E net profit forecasts, which have been adjusted downward...
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