VTP – Short-term catalyst from Viettel Group’s divestment – Update
Company Note 13/10/2020 401
- We expect FY20-22F net profit CAGR at 19.3% thanks to VTP’s strong efforts to gain market share in Vietnam’s postal delivery market.
- Viettel Group’s 6% stake divestment in Nov 2020 is a short-term catalyst.
- Recommend ADD rating with TP of VND130,700.
Market Price |
Target Price |
Dividend Yield |
Rating |
Sector |
VND106,000 |
VND130,700 |
1.4% |
ADD |
INDUSTRIALS |
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