External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

External broker reports(aggregated public sources)

Leading full-service brokerage firm in Vietnam. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Binh Duong Water Enviroment / Equity Bottom-Up

<ul><li>Manufacturing clients drive water output growth: Water consumption surged by 9.4% YoY in 1H24, primarily thanks to: 1) steady growth in domestic consumption, which increased by 8.6% YoY, supported by BWE's ongoing water infrastructure expansion; a significant 10.3% increase in manufacturing consumption, fueling this robust growth in water demand in Binh Duong.</li><li>This is a positive signal for BWE, especially considering that water output for manufacturing remained nearly unchanged during FY21–23, due to the impact of COVID-19.</li><li>Binh Duong’s water price to be approved by end-2024: BWE has submitted documentation seeking a 5% annual increase in water price for the 2025–2028 period.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Manufacturing clients drive water output growth: Water consumption surged by 9.4% YoY in 1H24, primarily thanks to: 1) steady growth in domestic consumption, which increased by 8.6% YoY, supported by BWE's ongoing water infrastructure expansion; a significant 10.3% increase in manufacturing consumption, fueling this robust growth in water demand in Binh Duong.This is a positive signal for BWE, especially considering that water output for manufacturing remained nearly unchanged during FY21–23, due to the impact of COVID-19.Binh Duong’s water price to be approved by end-2024: BWE has submitted documentation seeking a 5% annual increase in water price for the 2025–2028 period.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Binh Duong Water-Environment JSC  - Analyst Meeting Minutes

<ul><li>BWE announced a 7.9% YoY increase in preliminary separate revenue, thanks to a 9.4% recovery in water consumption in Binh Duong in 1H24.</li><li>This growth was primarily driven by manufacturing clients, as the Industrial Production Index for several crucial processing sectors experienced double-digit YoY growth.</li><li>This is a positive signal for BWE, especially considering that water output for manufacturing remained nearly unchanged during FY21–23, due to the impact of Covid-19. </li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

BWE announced a 7.9% YoY increase in preliminary separate revenue, thanks to a 9.4% recovery in water consumption in Binh Duong in 1H24.This growth was primarily driven by manufacturing clients, as the Industrial Production Index for several crucial processing sectors experienced double-digit YoY growth.This is a positive signal for BWE, especially considering that water output for manufacturing remained nearly unchanged during FY21–23, due to the impact of Covid-19. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Binh Duong Water-Environment JSC - Forex Pressure Poses Risk to Profit

<ul><li>Binh Duong Water - Environment Corporation JSC (BWE) plans to pay a 14% stock dividend in 2Q–3Q24; meanwhile,the 2022 cash dividend remains at VND1,300/share.</li><li>BWE maintains its plan to acquire water plants when opportunities arise. The deals will be funded by offshore sources, with expected interest rates of 7–8%.</li><li>The company has about VND3,000bn of investment capital for the FY24–26 period.</li></ul><p></p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Binh Duong Water - Environment Corporation JSC (BWE) plans to pay a 14% stock dividend in 2Q–3Q24; meanwhile,the 2022 cash dividend remains at VND1,300/share.BWE maintains its plan to acquire water plants when opportunities arise. The deals will be funded by offshore sources, with expected interest rates of 7–8%.The company has about VND3,000bn of investment capital for the FY24–26 period.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Binh Duong Water-Environment JSC - Update - Accelerating Growth Through M&A

Thematic (Sector/Industry)

<ul><li>Vietnam Prosperity JSCB (VPB), formerly known as Vietnam JSCB for Private Enterprises, was established in 1993.</li><li>The Bank has its core business in mobilizing capital and crediting.</li><li>In addition, VPBank also engages in international banking services, trades foreign currencies, financial investment, risk management and capital protection. VPBank ha</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Vietnam Prosperity JSCB (VPB), formerly known as Vietnam JSCB for Private Enterprises, was established in 1993.The Bank has its core business in mobilizing capital and crediting.In addition, VPBank also engages in international banking services, trades foreign currencies, financial investment, risk management and capital protection. VPBank haContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Stock Recommendations (Vietnam Market) - May 2024

<ul><li>Vietnam Prosperity JSCB (VPB), formerly known as Vietnam JSCB for Private Enterprises, was established in 1993.</li><li>The Bank has its core business in mobilizing capital and crediting.</li><li>In addition, VPBank also engages in international banking services, trades foreign currencies, financial investment, risk management and capital protection. </li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Vietnam Prosperity JSCB (VPB), formerly known as Vietnam JSCB for Private Enterprises, was established in 1993.The Bank has its core business in mobilizing capital and crediting.In addition, VPBank also engages in international banking services, trades foreign currencies, financial investment, risk management and capital protection. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Stock Recommendations (Vietnam Market) - April 2024

Vietnam

Binh Duong Water Environment JSC engages in the provision of living water. Its other activities include construction, repair, and maintenance of water supply system; designing and monitoring of water supply works; collecting and disposal of water waste; and other construction as irrigation, transportations, and civil works. The company was founded in 1901 and is headquartered in Thu Dau Mot, Vietnam.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Binh Duong Water Enviroment (BWE VN)

Binh Duong Water-Environment JSC - Analyst Meeting Minutes

Binh Duong’s water price to be approved by end-2024: BWE has submitted documentation seeking a 5% annual increase in water price for the 2025–2028...

Mirae Asset Securities

Binh Duong Water-Environment JSC - Forex Pressure Poses Risk to Profit

BWE announced a 7.9% YoY increase in preliminary separate revenue, thanks to a 9.4% recovery in water consumption in Binh Duong in 1H24.

Mirae Asset Securities

Binh Duong Water-Environment JSC - Update - Accelerating Growth Through M&A

Binh Duong Water - Environment Corporation JSC (BWE) plans to pay a 14% stock dividend in 2Q–3Q24; meanwhile,the 2022 cash dividend remains at...

Mirae Asset Securities

Stock Recommendations (Vietnam Market) - May 2024

Vietnam Prosperity JSCB (VPB), formerly known as Vietnam JSCB for Private Enterprises, was established in 1993. The Bank has its core business in...

Mirae Asset Securities

Stock Recommendations (Vietnam Market) - April 2024

Vietnam Prosperity JSCB (VPB), formerly known as Vietnam JSCB for Private Enterprises, was established in 1993. The Bank has its core business in...

Mirae Asset Securities

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)