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.
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Market Price
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Target Price
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Dividend Yield
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Rating
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Sector
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VND62,200
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VND82,900
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0.96%
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ADD
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AIRPORTS
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