HPG – 4Q19: Net profit growth recovered as expected – Update
- Robust 4Q19 topline growth propelled yoy net profit growth to 10.6% after three sluggish quarters.
- HPG gained more market share despite weak domestic demand for construction steel in 2019, thanks to its competitive pricing strategy
- Reiterate Add with an unchanged TP of VND29,700.
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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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VND25,200
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VND29,700
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1.98%
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ADD
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STEEL
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