NLG – Key takeaways from analyst briefing – Update
- Management estimates FY19F revenue of VND2,614bn (-24.8% yoy) and net profit of VND956bn (+32.5% yoy), fulfilling 76% and 100% of its targets.
- 11M19 presales value exceeded VND8tr (60% yoy), thanks to strong presales of Southgate and Akari projects.
- Maintain Add, backed by better outlook in FY20-22F.
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
VND27,350
|
VND39,600
|
1.83%
|
ADD
|
PROPERTY DEVT & INVT
|
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…