ACV – Opportunities emerge – Update
- ACV’s 1Q20 net revenue/net profit dropped 18.3%/22.3% yoy due to the sharp fall in passenger traffic.
- ACV has been assigned the investor of Tan Son Nhat Airport’s (TIA) new terminal which is slated to begin construction in 2021F
- Reiterate Add with a lower TP of VND82,900.
|
Market Price
|
Target Price
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Dividend Yield
|
Rating
|
Sector
|
|
VND62,200
|
VND82,900
|
0.96%
|
ADD
|
AIRPORTS
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