HPG – Prelim 3Q20 results: positive surprises – Earnings Flash
- 3Q20 preliminary after-tax profit surged 110.9% yoy to VND3,785bn.
- This was driven by 138.6% yoy growth in construction steel and billet sales volume and a 7-fold yoy rise in the after-tax profit of the agriculture business.
- 9M20 preliminary after-tax profit came in at 90.3%/92.5% of our/consensus full-year forecasts.
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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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VND29,050
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VND27,300
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1.55%
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ADD
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STEEL
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