Analyst Pin-board PC1: Wind power market enhances the performance in 2021
The company estimates that it will gain VND 2,000 billion and VND 70 billion in revenue and NPAT, respectively in the 4th quarter. As a result, revenue in 2020 is estimated to increase by 6% compared to the previous year. However, NPAT is estimated to increase by roughly 23% compared to 2019. We still keep our target price at VND 29,000 as their growth potential in 2021 based on prosperous outcomes of the hydropower segment and a booming wind power market. Wind power will not only contribute to the power construction segment but also the three wind power projects are expected to COD which will contribute to the power manufacture one. However, the real estate segment in 2021 maybe experience an off-peak year incase PC1 does not attempt to hand over the 1st phase of the Thang Long project.
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