Report

Analyst Pin-board Power industry – Thermal plants come back

·         The draught is expected to come back as the El Nino probability is gradually higher for 2022, indicating that thermal plants are going to enter a brighter phase.

·         Coal thermal plants in the Northern part of the country are expected to benefit sooner than that in the Southern part based on the weather forecast and economic recovery.

·         High contract volume in 2022 will ensure thermal companies’ profit. Furthermore, it will capture high price in CGM to earn profit. Hence, earnings from the thermal group are expected to grow in 2022.

Provider
Viet Dragon Securities
Viet Dragon Securities

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Analysts
Son Tran

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