POW [OUTPERFORM +19.4%] - Nhon Trach 3 & 4 progress despite high LNG prices - Update
  • 18 Aug 2022
  • Company Research
- We lower our target price (TP) for POW by 8% to VND16,600/share but maintain our OUTPERFORM rating. We view POW as a solid play on growth in Vietnam’s electricity consumption and structural transition to LNG with the future Nhon Trach 3 & 4 LNG-fired pl