GTN – AGMNote – 20180426
- We recently attended the AGM of GTN, an emerging conglomerate that has been focusing on the agriculture and food segments through the acquisitions of SOEs with strong brands but inefficient operations. The company expects 2018-2019 to be a major transitional period during which restructuring efforts in its subsidiaries will begin to pay off.
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
VND12,000
|
N/A
|
4.1%
|
NOT RATED
|
CONSUMER GOODS
|
Please follow this link for the full report
You Might Be Interested
Company Note
13
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
118
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
76
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…