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FPT – 1Q20F preview and FY20 guidance – AGM Note

Company Note 09/04/2020    227

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  • FPT estimates net revenue rose 16% yoy and NP rose 19% yoy in 1Q20.
  • The company maintained its attractive dividend policy of 20% cash dividend, with dividend yield of 4.3% in FY20F.
  • We reiterate our Add call with an SOP-based TP of VND74,000.

Market Price

Target Price

Dividend Yield

Rating

Sector

VND46,850

VND74,000

3.62%

ADD

CONGLOMERATE

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