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ANALYSIS & RESEARCH

Home PageThe analysisPOW: Hope for the best and prepare for the worst

POW: Hope for the best and prepare for the worst

17/09/2020 - 08:50

We reiterate BUY but trim our target price by 24.7% to VND 13,137 per share, which implies just 6.2x 2021 EV/EBITDA. The main risks are the PPA renegotiation and gas supply stability, which should be resolved in 2021 when the Sao Vang–Dai Nguyet gas field is operational.

 

20200914 POW updates- edited v4

Analyst: Binh Truong

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