Analyst Pin-board REE – Embark on a new growth phase
- In 3Q2021, revenue was VND 1,093 bn (or USD 47.5 mn), -27% YoY and -33% QoQ because of severe social distancing. M&E services and trading experienced a decline of more than 70% YoY. The leasing segment fell by 19% YoY in revenue (Figure 1). Meanwhile, the energy sector doubled its revenue thanks to VSH’s consolidation. NPAT was VND 264 bn (or USD 11.5 mn), -24% YoY and -31% QoQ. Cumulatively, the company has fulfilled 69% its target NPAT in 2021.
- REE is going to enter to a new growth phase Power segment and Etown6 are going to fuel the company’s growth in the long run. Our target price is VND 84,300, implying a total return of 25% compared to the closing price on Dec 16th, 2021. Hence, we recommend to BUY 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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