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.
Market Price
|
Target Price
|
Dividend Yield
|
Rating
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Sector
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VND25,200
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VND29,700
|
1.98%
|
ADD
|
STEEL
|
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