FPT – FY19 earnings growth on track – Update
- FPT’s net revenue rose 16.8% yoy and net profit rose 4.3% yoy in 4Q19.
- Net revenue rose 19.4% yoy in FY19. Net profit increased 14.1% yoy to VND3,912bn and was in line at 97.6% of our FY19F.
- We reiterate our Add call with an SOP-based TP of VND74,000.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND51,800
|
VND74,000
|
3.86%
|
ADD
|
CONGLOMERATE
|
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