PC1 – 2020F net profit boosted by real estate booking – Update
Company Note 16/03/2020 394
- FY19 net profit dropped 23.6% yoy to VND356bn, coming at in 82.3% of our forecast.
- Higher contribution from power sector going forward.
- We revise down FY20-21F net profit forecasts by 0.9%-9.4%
- Reiterate Add with a lower target price of VND17,200.
Market Price |
Target Price |
Dividend Yield |
Rating |
Sector |
VND11,700 |
VND17,200 |
0.0% |
ADD |
INDUSTRIALS |
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