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

Pha Lai Thermal Power JSC / Equity Bottom-Up

Valuation and recommendation We lower our target price for Pha Lai Thermal Power Joint Stock Company (PPC) to VND23,900 (from VND27,600), using the dividend discount model, but maintain our Hold recommendation (+4% upside).<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>

Valuation and recommendation We lower our target price for Pha Lai Thermal Power Joint Stock Company (PPC) to VND23,900 (from VND27,600), using the dividend discount model, but maintain our Hold recommendation (+4% upside).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.

Pha Lai Thermal Power JSC (PPC VN/Hold)_Update_High-yielding dividend despite decreasing earnings