MML- Maintain positive momentum – Update
- In FY20, MML recorded 16.8% yoy/128.3% yoy growth in top line and bottom line.
- We expect FY21/22F earnings to grow 110.2%/50.5% yoy on the back of higher gross margin and lower tax burden.
- Reiterate ADD with lower TP of VND60,500.
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
VND 52,500
|
VND 60,500
|
0%
|
ADD
|
CONSUMER GOODS
|
Please follow this link for the full report
You Might Be Interested
Company Note
5
1Q24 pre-tax profit (PBT) soared 53% YoY to VND943bn (USD37mn). Thus, ROAE increased 1.4% YoY pts to 4.3%. 1Q24 TOI and net profit completed 24%/26% of our full-year forecasts, respectively. We see no pressure on our target price of VND36,500.…
Company Note
104
MWG plans for FY24 revenue and net profit of VND125tn/VND2.4tn, respectively, increases of 6% yoy and 14 times compared to FY23. According to management, BHX will begin to record profit in 1Q24 and targets to reach net profit of VND1tn-VND2tn…
Company Note
71
We maintain our Hold rating with 11.9% upside and a 0.0% dividend yield. We increase our TP by 11.0% while the stock price has increased 5.6% since our last report. The main drivers of our recommendation are the decline in…