PetroVietnam Power Corporation (HoSE: POW) is the leader in gas-fired thermal power with the largest installed capacity on the stock exchange. Presently, POW is trading at an attractive valuation with huge potential growth. Based on the FCFF and PB methods, we recommend buying POW at a valuation of VND 14,500. We believe the revenue and net profit of POW will jump strongly thanks to the recovery of volume and high selling prices. In the future, when Nhon Trach 3 & 4 come into operation, POW will affirm its leading position in the power industry.
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