POW [BUY +20.9%] - Earnings set to recover in 2024 and jump in 2025 - Update
  • 25 Oct 2023
  • Company Research
- We cut our target price (TP) for POW by 16% but upgrade our rating from OUTPERFORM to BUY as its share price has dropped ~20% over the past three months. We view POW as a solid play on Vietnam’s resilient power consumption and structural transition to L