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

Power Construction JSC / Equity Bottom-Up

<ul><li>We forecast a HoH recovery and YoY flat results in both revenue of VND5,358bn (+80% HoH, -0.1% YoY) and net profit of VND271bn (+3% YoY, 1H23: a loss of VND11bn) in 2H23.</li><li>It will be supported by the contribution of two new segments, including the Tan Phat nickel mining project and the industrial park.</li><li>These factors should be enough to make up for a 31% YoY decrease in revenue and a 29% YoY drop in gross profit of the power infrastructure construction segment.</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 forecast a HoH recovery and YoY flat results in both revenue of VND5,358bn (+80% HoH, -0.1% YoY) and net profit of VND271bn (+3% YoY, 1H23: a loss of VND11bn) in 2H23.It will be supported by the contribution of two new segments, including the Tan Phat nickel mining project and the industrial park.These factors should be enough to make up for a 31% YoY decrease in revenue and a 29% YoY drop in gross profit of the power infrastructure construction segment.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.

Power Construction JSC No.1 - Walking Further for Raise