R.E.E Mechanical & Electrical Engineering Joint Stock Company (Vietnam)

The subject engages in supplying the services of mechanical and electrical engineering in infrastructure, commercial and industrial engineering works such as FLV & RMS system, MVAC system, electrical system, plumbing & drainage sanitary system and fire protection system. Some typical projects of the company in 2022 were Groz-Bekaert Project - Phase 2, Metro - Ben Thanh Station, T2 Passenger Terminal - Phu Bai International Airport… In 2022, the market had many new challenges affecting the business of the M&E segment, including geopolitical risks, the Ukraine war and disruptions in the global supply chain, creating pressure to increase raw material costs and transportation costs, so the profit margins of projects in 2022 were greatly affected. In addition, unfavorable events in the real estate sector appearing at the end of 2022, along with tightened credit policies and legal backlogs of projects also had an impact on signing new contracts. Fluctuations in the real estate sector also greatly affected the solvency of many investors, putting pressure on capital and cash flow of the M&E segment. These things could also affect the company's business results in that year.