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 maintain our target price for PetroVietnam Power Nhon Trach 2 JSC (NT2) at VND28,000, and downgrade our recommendation from Buy to Trading Buy (+12% upside), as the stock price has increased by 15% since our latest update in May 2022.<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 maintain our target price for PetroVietnam Power Nhon Trach 2 JSC (NT2) at VND28,000, and downgrade our recommendation from Buy to Trading Buy (+12% upside), as the stock price has increased by 15% since our latest update in May 2022.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/Trading Buy)_Update_Widening top line in 4M22