Title | Analysis Report of Pha Lai Thermal Power Jsc., |
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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 Download |
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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.
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