Vinh Son - Song Hinh Hydropower JSC (HoSE: VSH) is one of the enterprises owning hydropower plants with the largest capacity listed on the stock exchange. Based on FCFF and PE methods, we update VSH's target price at VND 47,400 corresponding to a hold recommendation. In 2024, we forecast that VSH's revenue and profit will increase slightly because the weather will gradually change to the neutral phase.
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