Energy sector – Expecting strong earnings momentum for hydropower plants in 2025
• We expect total electricity consumption to increase 9.5% in 2024 and 10% in 2025, which is driven by both industrial and residential demand for energy. We believe that the operation of power plants to improve in 2025.• We maintain a positive view on hydropower companies in 2025 with the expectations of (1) strong volume growth due to La Nina cycle, and (2) the average electricity selling price for hydropower plants would hardly decline, while that could increase once EVN improve its financial performance.
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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