FPT – 1Q20 results on track despite Covid-19 – Earnings Flash
- 1Q20 net profit grew 19.3% yoy to come in at 19.5 % of our full-year forecast.
- Growing uncertainties amid the country lockdowns in Japan and the US are weighing on the 2Q20F outlook.
- We reiterate our Add call with an unchanged SOP-based TP of VND74,000.
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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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VND51,300
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VND74,000
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3.62%
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ADD
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CONGLOMERATE
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