Analyst Pin-board: HDG update: Ramping up its investment in the energy sector
Generally, business results are in line with our expectations so far this year. Major income still came from the deliveries in Iris towers at the Centrosa Garden, as the construction progress exceeded the company’s plan. The energy segment has seen more positive news about the development of renewable plants, including Infra 1 solar power and 7A Thuan Nam wind power plants. Rong Viet Securities maintains an optimistic view on HDG's business activities, with a target price for HDG at VND 25,000/share. We will revise up our target price when factoring the Infra 1 plant into our model.
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