HPG – All eyes on Dung Quat Steel Complex – Update
- We reiterate our Add rating after a site visit to HPG’s Dung Quat Steel Complex (DQSC) in Quang Ngai.
- Management expects FY20F construction steel sales volume to jump 33.3% yoy.
- We raise our TP to VND29,700 on the back of higher sales volume growth in FY20-21F.
|
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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VND23,000
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VND29,700
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0%
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ADD
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STEEL
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