HPG – AGM Note – 20180327
- Hoa Phat Group (HPG) held its AGM last week. The company announced revenue and NPAT targets amounting to a CAGR of 29.4% and 23.3%, respectively over FY17-20. This growth will mainly be driven by its new Dung Quat Steel Complex project. While the current valuation is not cheap, we still see long-term upside in HPG.
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
VN58,900
|
N/A
|
0.00%
|
NON RATED
|
BASIC MATERIALS
|
Please follow this link for the full report
You Might Be Interested
Company Note
6
TPB’s 1Q23 net profit grew 8.8% yoy to VND1,413bn (fulfilling 21% of our FY23F forecast). TPB’s NP growth is expected to slow down to 9%/18% yoy in FY23-24F (2020-22 CAGR of 33.6%). Reiterate ADD with unchanged TP of VND31,000. Market…
Company Note
5
DGW is one of market leaders in ICT product distribution with more than 6,000 points of sale (POS) in Vietnam. FY23F net profit is expected to drop 28.8% yoy following weak domestic demand but will get back to 23.3% growth…
Company Note
4
1Q23 net profit (NP) slid 30% yoy to VND1,629bn due to lower gasoline crack spread and lower petrochemical spread. FY23F NP is expected to drop 46.3% from FY22 record level due to GRM compress, but still 17.7% higher than FY21…