Title Analysis Report of Pha Lai Thermal Power Jsc.,
Report Type Phân tích công ty
Source VinaSecurities
Industry
Bussiness
Detail Date : 27/10/2008
Total pages : 16
Language : English
File Type : .PDF
FileSize : 531 Kb
Download: 33
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Short Content
Pha Lai Thermal Power (PPC) now trades at break-up valuations, despite healthy fundamentals. While FY08E profits will be sacrificed to VNDJPY unrealised forex-translation losses from an unhedged balance sheet, the Japanese Yen, currently below JPY/USD100 appears to have had its rerating and PPC’s profits should recover from FY09E onwards.