POW – Brighter prospects from FY21F onwards – Update
- 1H20 revenue fell 14.4% yoy to VND15,684bn, following a 5.4% yoy drop in sales volume and 9.5% yoy decline in electricity selling prices.
- We revise down our FY20-21F EPS forecasts by 3.6-17.9% while raise FY22F EPS by 1.0%.
Reiterate Add with a lower target price of VND13,600.
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
VND9,940
|
VND13,600
|
0%
|
ADD
|
POWER
|
Please follow this link for the full report
You Might Be Interested
Company Note
4
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
102
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
69
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…