Company Insight

PetroVietnam Power Nhon Trach 2 Joint Stock Company (HoSE: NT2) is one of the largest gas-fired power plants listed on the stock exchange. Based on FCFF and PE methods, we update NT2’s target price to 23,700 VND. In 2025, we consider NT2 to continue being an attractive investment thanks to: (1) Expected recovery in production supported by high electricity demand and priority dispatch; (2) Strong financials, low debt, and potential high dividends.