Earnings Report /
Vietnam

Gia Lai Electricity: Growth from wind power

  • Q3 earnings were lower than expectation because of volume curtailment

  • The three wind power plants started to contribute earnings in Q4 21; numerous renewable energy projects in the pipeline

  • Our target price for GEG is VND 23,000; we recommend Accumulate

Thao Nguyen
Rong Viet
22 December 2021
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