ACV – Stay firm through the turbulence – Update
- ACV posted a 2Q20 revenue of VND1,046bn (-76.6% yoy) and a net loss of VND394bn (vs. 2Q19 net profit of VND1,704bn).
- Better-than-expected cost control and higher interest income lifted 1H20 net profit to VND1,194bn (-67.7% yoy), 137% our 1H20 forecast.
- Reiterate Add with a lower target price of VND79,400.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND53,800
|
VND79,400
|
1.67%
|
ADD
|
AIRPORTS
|
Please follow this link for the full report
You Might Be Interested
Company Note
78
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
53
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…
Company Note
55
We maintain our ADD rating with 50.2% upside. We decrease our TP by 22.3% while the share price has increased 8.5% since our last report. The main driver of our TP change is that we apply a 40% discount rate…
VI
EN
JA
ZH
