■ Management has set a conservative net profit target of VND1,136bn for FY17F.
■ Potential earnings upside could come from the mechanical and electrical engineering (M&E), real estate and hydro power segments.
■ Management plans to cut DPS from VND1,600 in FY16 to VND1,000 in FY17F to save cash for investment activities.
■ REE is now trading at 32% discount to NAV.
