- 2022-03-02T00:00:00
- Company Research
We view HDG as an attractive play on Vietnam’s real estate & renewable energy sectors due to the potential of its land bank quadrupling to 450 ha and power capacity doubling to 1,000 MW in the next five years, which implies potential robust earnings growth beyond 2025F. However, we downgrade rating from BUY to O-PF as HDG’s share price rose ~25% over the past three months. |
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