HDG – Bright FY21F outlook on selling prices hike – Update
- Charm Villas project is the key driver for net profit growth during FY21-23F.
- We expect FY21F to be a breakthrough year for power segment with three renewable power plants coming on stream.
- We reiterate our Add call with a higher TP of VND50,300 on better take-up rate at Charm Villas project and lower WACC assumption.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND42,700
|
VND50,300
|
2.77%
|
ADD
|
REAL ESTATE
|
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