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

Vinh Son - Song Hinh Hydropower / Equity Bottom-Up

<ul><li>According to the Vietnam Meteorological and Hydrological Administration (VMHA), the El Nino effect will continue to occur, but should gradually weaken and change to a neutral state from May to June 2024, with a probability of 70–85%.</li><li>From July 2024, La Nina is forecast to occur with a probability of 60– 85%.</li><li>Thus, we expect hydropower performance to start to improve from 3Q24.</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>

According to the Vietnam Meteorological and Hydrological Administration (VMHA), the El Nino effect will continue to occur, but should gradually weaken and change to a neutral state from May to June 2024, with a probability of 70–85%.From July 2024, La Nina is forecast to occur with a probability of 60– 85%.Thus, we expect hydropower performance to start to improve from 3Q24.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.

Vinh Son - Song Hinh Hydropower JSC - Update - From Drought to Rain