ELECTRICITY STOCKS AND INVESTMENT VIEWPOINT

We divide the investment prospects of electricity stocks into 2 groups:

• Enterprises owning many hydropower plants in the energy sector will benefit from the La Nina weather phase (heavy rain), especially enterprises owning plants in the Central region where the rainy season is concentrated and enterprises with the advantage of water reservoirs with deep water levels.
• Enterprises with a portfolio of solar and wind power plants will benefit from the shift in energy structure towards renewable energy under Power Plan 8, and have good geographical locations to mobilize high electricity output. In addition, we will prioritize enterprises with strengths in multi-industry fields and many development projects outside the portfolio of power plants.

PC1 – BUY – 30,130 VND (+31.86%)

VSH – HOLD – 52,300 VND (+6.52%)

HDG – BUY – 34,300 VND (+20.4%)

(EN) GTJASVN Research_Electric Power Sector Report_OUTLOOK_POSITIVE_Jan 2025 (1)