External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

Binh Duong Water Enviroment / Equity Bottom-Up

<ul><li>Manufacturing clients drive water output growth: Water consumption surged by 9.4% YoY in 1H24, primarily thanks to: 1) steady growth in domestic consumption, which increased by 8.6% YoY, supported by BWE's ongoing water infrastructure expansion; a significant 10.3% increase in manufacturing consumption, fueling this robust growth in water demand in Binh Duong.</li><li>This is a positive signal for BWE, especially considering that water output for manufacturing remained nearly unchanged during FY21–23, due to the impact of COVID-19.</li><li>Binh Duong’s water price to be approved by end-2024: BWE has submitted documentation seeking a 5% annual increase in water price for the 2025–2028 period.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Manufacturing clients drive water output growth: Water consumption surged by 9.4% YoY in 1H24, primarily thanks to: 1) steady growth in domestic consumption, which increased by 8.6% YoY, supported by BWE's ongoing water infrastructure expansion; a significant 10.3% increase in manufacturing consumption, fueling this robust growth in water demand in Binh Duong.This is a positive signal for BWE, especially considering that water output for manufacturing remained nearly unchanged during FY21–23, due to the impact of COVID-19.Binh Duong’s water price to be approved by end-2024: BWE has submitted documentation seeking a 5% annual increase in water price for the 2025–2028 period.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Binh Duong Water-Environment JSC  - Analyst Meeting Minutes