PNJ – Earnings Update – 20180124
Company Note 24/01/2018 382
- PNJ’s NPAT grew at an impressive clip in 2017, but undershot our forecast as a result of the sharp increase in SG&A costs. However, the stock price rose to almost touch our target price, reflecting the bright outlook for 2018.
- We maintain our target price and HOLD recommendation for now.
Market Price |
Target Price |
Dividend Yield |
Rating |
Sector |
VND143,000 |
VND143,700 |
1.28% |
HOLD |
CONSUMER GOODS |
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