Pha Lai Thermal Power JSC - Potential LNG Transition Signals New Growth Phase
We reduce PPC’s 2025–29F NPAT-MI due to (1) a 25% decline in NPAT from power generation and (2) a 44% reduction in aggregate dividend income during...
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Vietnam Electricity Sector (Neutral) - Policy Reforms Drive New Growth Cycle
According to NOAA (August), the likelihood of La Niña conditions remains higher than El Niño through the forecast horizon from August 2025 to May...
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Vietnam Electricity Sector (Neutral) - The transitions to low carbon electricity systems
With the rise of renewable energy trend, the share of electricity production from fossil fuels has gradually declined, particularly coal and oil...
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Vietnam Utilities: Strong Earnings Growth in 1Q22
According to the Vietnam Electricity Corporation (EVN), electricity consumption increased by 6.3% YoY in 4M22. Wind power was the biggest...
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Pha Lai Thermal Power JSC (PPC VN/Hold)_Update_High-yielding dividend despite decreasing earnings
Valuation and recommendation We lower our target price for Pha Lai Thermal Power Joint Stock Company (PPC) to VND23,900 (from VND27,600), using the...
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