Analyst Pin-board HND: Stable Operations Despite Coal Shortage
While the electricity market is still undersupplied and coal shortage has become a domestic problem, Hai Phong Thermal Power (HND) still maintains stable operations. 9M2019 business results announced showed output of 5.9 billion kWh (fulfilling 76% of the year plan, + 1% over the same period); revenue reached VND 8,080 billion (+ 15% over the same period), profit reached VND 607 billion.
With Unit 1 coming into operation after two months of repair, HND is confident in exceeding 2 billion kWh in terms of output in Q4. Thus, HND will almost certainly surpass its annual output plan of 7,782 billion kWh, revenue of VND 10,191 billion and PAT of VND 700 billion. Accordingly, HND will pay a minimum of VND 750 per share cash dividend out of 2019 earnings, bringing financial income to major shareholders such as PPC, SCIC and Vinacomin.
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.
RongViet Research reports are diversified and abundant, along with in-depth analysis and performed by experienced, highly-qualified and knowledgeable teams. With the objectives of transparency, accurate and timely manner, RongViet believes that our products would always be important sources of information for customers/investors’ investment decisions.”
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.