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

PetroVietnam Power NhonTrach 2 / Equity Bottom-Up

<ul><li>In 4Q24 alone, PetroVietnam Power Nhon Trach 2 JSC (NT2) recorded total electricity output of 821mn kWh (+107% YoY), while Qc reached 658mn kWh (-6.5% YoY).</li><li>NT2 posted a 49% YoY increase in net sales, reaching VND1,792bn.</li><li>However,the alpha (%Qc) achieved only 80% in 4Q24 (vs. 178% in 4Q23), which resulted in a 73% YoY decline in NPAT to VND64bn.</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>

In 4Q24 alone, PetroVietnam Power Nhon Trach 2 JSC (NT2) recorded total electricity output of 821mn kWh (+107% YoY), while Qc reached 658mn kWh (-6.5% YoY).NT2 posted a 49% YoY increase in net sales, reaching VND1,792bn.However,the alpha (%Qc) achieved only 80% in 4Q24 (vs. 178% in 4Q23), which resulted in a 73% YoY decline in NPAT to VND64bn.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.

PetroVietnam Power Nhon Trach 2 JSC - Navigating Challenges in 2025