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

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>We downgrade our rating for Gia Lai Electricity JSC (GEG) to Trading Buy (from Buy), but raise our target price to VND14,500 (from VND13,600).</li><li>The stock price has risen by 14% since our latest report in November 2024 (VN Index: +7%).</li><li>We remain bullish on a resumption of earnings growth for GEG in FY25; however, we note that the company faces uncertainties from regulatory risks related to four offshore wind projects under investigation, share dilution risk, and a high debt burden.</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>

We downgrade our rating for Gia Lai Electricity JSC (GEG) to Trading Buy (from Buy), but raise our target price to VND14,500 (from VND13,600).The stock price has risen by 14% since our latest report in November 2024 (VN Index: +7%).We remain bullish on a resumption of earnings growth for GEG in FY25; however, we note that the company faces uncertainties from regulatory risks related to four offshore wind projects under investigation, share dilution risk, and a high debt burden.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.

Gia Lai Electricity JSC (GEG VN) - From Slump to Surge