· Volume in 2Q2021 reached 1,9 billion kWh, nearly equal to that in 2Q2020, completing 95% of the company’s plan thanks to the dry season and several heat waves in the North. · Revenue in 2Q2021 was VND 2,624 billion (or USD 113 million) +32% QoQ and -16% YoY and NPAT was VND 188 billion (or USD 8 million), -66% YoY because of a decline in the selling price. Accordingly, 1H2021 NPAT reached VND 177 billion (or USD 7,7 million), -76% YoY, completing 89% of the 2021 PBT’s target. · The company will have machine maintenance for 62 days in 3Q2021.Profit is going to be impacted. Afterward, the outlook is expected to be better with high Qc in 4Q2021 and efficient operation after the maintenance. We maintain our target price for HND at VND 17,900, an upside of 7% compared to the closing price on July 20th, thus we recommend to accumulate this stock. |
Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.
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