Analyst Pin-board HND – High mobilization rate

Volume in 3Q2021 was roughly 1.7 bn kWh, +23% YoY thanks to lower La Nina magnitude compared to 3Q2020 and -8% QoQ because 3Q2021 was the rainy season. Revenue in 3Q2021 was VND 2,195 bn (or USD 95 mn) -4%YoY and -16% QoQ. This steeper decline compared to volume is because of the lower contract volume and contract price. NPAT in 3Q2021 was VND 6 bn (or USD 0.26 mn), -96% YoY and -97% QoQ. The company’s performance is expected to be better in 4Q2021 thanks to the dry season and high Qc. HND i...