· In 4Q2021, revenue/ NPAT grew by 14% YoY/ 22% YoY to VND 1,898 bn (or USD 83 mn)/ VND 792 bn (or USD 34 mn). This is a record-high thanks to one-off earnings in the real estate segment and the contribution from the power segment. · For the year 2021, NPAT reached VND 1.854 bn (or USD 81 bn), +14% YoY. In which, the power segment increased by 25% while other segments decreased. · We reiterate our BUY recommendation on REE with a TP of VND 84,300, an implied return in the next 12 months of 23% as of Feb 15th, 2022. |
Red Electrica is engaged in the transmission of electrical energy, the operation of the system and the management of the transmission network in the Spanish electricity system. In addition, through its subsidiaries, Co. is engaged in the acquisition, holding and management of foreign securities, co-ordination of international exchanges, provision of telecommunications services for third parties, provision of consultancy, engineering and construction services outside the Spanish electricity system, securing of funds, carrying out of financial transactions and provision of financial services.
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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