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

Duc Long Gia Lai Group Jsc / Equity Bottom-Up

<ul><li>We update target price for Gia Lai Electricity JSC (GEG) to VND15,500 and with rating Buy.</li><li>Although we believe GEG’s outlook is promising in the long term, the company could encounter significant financial leverage risk and regulatory challenges in the short term, due to potential delays in solar power policy implementation.</li><li>GEG’s electricity sales brought in VND488bn in 2Q24, marking a 1.7% YoY increase.</li></ul><div class="content-highlight"><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></div>

We update target price for Gia Lai Electricity JSC (GEG) to VND15,500 and with rating Buy.Although we believe GEG’s outlook is promising in the long term, the company could encounter significant financial leverage risk and regulatory challenges in the short term, due to potential delays in solar power policy implementation.GEG’s electricity sales brought in VND488bn in 2Q24, marking a 1.7% YoY increase.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.

Gia Lai Electricity JSC(GEG VN/Buy/TP: VND15,500) - Update - Challenges Persist in the Short Term