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

Valuation and recommendation We increase our target price for PetroVietnam Power Nhon Trach 2 JSC (NT2) to VND29,300 (from VND22,500), based on a higher P/B target of 98x (+2 STD, Figure 1).<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>

Valuation and recommendation We increase our target price for PetroVietnam Power Nhon Trach 2 JSC (NT2) to VND29,300 (from VND22,500), based on a higher P/B target of 98x (+2 STD, Figure 1).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 (NT2 VN/BUY)_Update_FY22 output to rebound