Give us your feedback

HPG – A challenging year ahead – Update

Company Note 21/02/2019    152

Share

  • We expect long steel supply to outpace demand in 2019F.
  • Falling steel prices, rising raw material prices and huge capacity additions should create some headwinds for HPG in 2019F.
  • We downgrade HPG from Add to Hold and lower our TP to VND33,800.

Market Price

Target Price

Dividend Yield

Rating

Sector

VND32,200

VND33,800

0%

HOLD

STEEL

Please follow this link for the full report

DMCA.com Protection Status