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Analysis Reports
Stockbiz.vn analysis reports provides a comprehensive and complete analysis of the industry, business and economic issues.
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Summary:
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A high growth potential of Hai Phong Thermal Power will be the key driver for PPC’s growth in the medium and long term. Additionally, operating efficiency of PPC is forecasted to enhance a great deal as it invests in the replacement project of the production line I. There will be lower exposure to exchange rate risk due to the recent remarkable devaluation of JPY. PPC’s net income 2014 is estimated at VND 1,480bn, equivalent to an EPS of VND 4,537. Using valuation multiple methods, FPTS estimated the price of VND 26,900, significantly higher than its market price; thus, FPTS recommends to BUY for this stake.
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