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)

Thematic (Sector/Industry)

Vietnam Utilities / Thematic (Sector/Industry)

Refrigeration Electrical Engineering (REE VN)

<ul><li>According to NOAA (August), the likelihood of La Niña conditions remains higher than El Niño through the forecast horizon from August 2025 to May 2026.</li><li>This suggests that hydropower plants will benefit from favorable weather patterns, enabling higher mobilization from EVN and stronger business results in FY25.</li><li>By contrast, coal- and gas-fired thermal plants are expected to face reduced mobilization under these conditions. </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>

According to NOAA (August), the likelihood of La Niña conditions remains higher than El Niño through the forecast horizon from August 2025 to May 2026.This suggests that hydropower plants will benefit from favorable weather patterns, enabling higher mobilization from EVN and stronger business results in FY25.By contrast, coal- and gas-fired thermal plants are expected to face reduced mobilization under these conditions. 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.

Vietnam Electricity Sector (Neutral) - Policy Reforms Drive New Growth Cycle