FRT – FPT Retail (FRT) slightly undershot the FY2018 management target due to a slump in Apple product sales 4Q18 – NRNote
- Apple – sweet fruit turns sour.
- FRT continued to extend its mobile handset retail footprint.
- The pharmacy chain – Long Chau has not yet been consolidated into FRT.
- FRT is currently trading at a TTM P/E of 12.9x.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND64,000
|
N/A
|
3.1%
|
NOT RATED
|
RETAIL
|
Please follow this link for the full report
You Might Be Interested
Company Note
6
VHC’s 1Q22 net revenue/net profit surged 82.7%/318.3% yoy, fulfilling 29%/39% of our full-year forecasts, respectively. We expect FY22F revenue/NP to grow robustly 52.8%/77.9% yoy, riding on strong export demand and expanding gross margin. Upgrade to Add with a higher TP…
Company Note
7
ACV posted VND701bn in 1Q22 net profit (+2.5% yoy), marking the first quarter of core business returning to positive growth since FY20. We lower FY22-24F EPS by 14.1%-7.0% following the longer-than-previous expectation of China’s zero covid strategy. Reiterate Add with…
Company Note
7
1Q22 net profit (NP) plunged by 99.8% yoy to VND0.6bn due to lack of one-off income, making up only 0.05% of our full-year forecast. We project FY22F earnings up 19.4% yoy to VND1,259bn driven by one-off gains and strong property…
VI
EN
JA
ZH
