Analyst Pin-board VSH – Growth momentum from the Thuong Kon Tum plant
- Volume in 3Q2021 was 328 mn kWh, two-and-a-half times more compared to last year thanks to the contribution from the Thuong Kon Tum plant and -37% QoQ.
- Revenue in 3Q2021 is estimated to be VND 314 billion (or USD 14 mn), triple compared to the previous year, and lower than the previous quarter because the company fully provided electricity in 2Q2021.
- Because of high fixed expenses including depreciation and interest, results in 3Q2021 will hover around the break-even point. The new contract price for the Thuong Kon Tum plant will be the company’s growth momentum in the future. The company is negotiating with EVN and expects to apply a new price in 2022. The new contract price and full year utilization from the Thuong Kon Tum plant in 2022 will boost earnings
Vinh Son - Song Hinh Hydropower Joint Stock Company is a Vietnam-based company engaged in the electricity industry. The Company is engaged in the operations and management of hydroelectricity plants, as well as the generation and trading of electricity. It offers design, project management and execution supervisory services for hydroelectricity, irrigation and road and bridge projects. In addition, it trades materials and equipment for the hydroelectricity industry, and is involved in real estate operations.
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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