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

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

Refrigeration Electrical Engineering / Equity Bottom-Up

Refrigeration Electrical Engineering (REE VN)

Investment thesis Strong 1H21 results mainly from M&amp;A activities; not significantly affected by Covid19  Consolidated revenue for Refrigeration Electrical Engineering (REE) reached VND2,819bn, up 14.1% versus the same period in 2020, thanks to the merger of Vinh Son – Song Hinh Hydropower JSC (VSH – power segment) and TK Cong Company Limited (water segment – small scale, revenue +VND23bn).<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>

Investment thesis Strong 1H21 results mainly from M&amp;A activities; not significantly affected by Covid19  Consolidated revenue for Refrigeration Electrical Engineering (REE) reached VND2,819bn, up 14.1% versus the same period in 2020, thanks to the merger of Vinh Son – Song Hinh Hydropower JSC (VSH – power segment) and TK Cong Company Limited (water segment – small scale, revenue +VND23bn).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.

Refrigeration Electrical Engineering Corporation (REE VN/ Hold)