Earnings Report /
Vietnam

Gia Lai Electricity: Earnings increase slightly due to oversupply

  • Earnings increased slightly in Q2 21 with revenue coming in at VND320bn (or US$14mn), +5% qoq and 6% yoy

  • Wind power farms to fuel the company’s growth

  • We adjust our TP to VND18,200 because of stock dividend (4%) and existing shareholders’ public offering (6%)

Thao Nguyen
Rong Viet
13 September 2021
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