News about PC1

Mirae Asset Securities (MASVN) says PC1 has several business pillars and could recover more clearly from 2027, forecasting 2026 net revenue of VND 11,187 billion (down 14.5%) and after-tax profit of about VND 1,109 billion (down 18.2%). Key drivers include transmission grid investment of about US$18.1 billion over 2026–2030 and a backlog estimated at around VND 4,000 billion. In power generation, the 13 MW Thượng Hà hydropower plant is operating, while the 30 MW Bảo Lạc A is expected to start generating from November 2026. In the first half, PC1 posted net revenue of VND 4,206 billion (down 12.3%) but consolidated after-tax profit of nearly VND 478 billion (up 54.2%), helped by power generation, mining and a profit of about VND 120 billion from the divestment of CT2. Risks include the pace of capital disbursement for power projects, nickel price swings and senior personnel changes.