VHM – Strong fundamental reaffirmed – Earnings Flash

Company Note 01/11/2019 626

Headline 3Q19 PATMI jumped 42.2% yoy to VND5,470bn, backed by impressive bulk sales.
9M19 PATMI grew a strong 30.9% yoy to come in at 78.8% our full-year forecast.
Maintaining Add and TP of VND104,300.

Market Price	Target Price	Dividend Yield	Rating	Sector
VND89,000	VND104,300	1.12%	ADD	PROPERTY DEVT & INVT

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