HPG – Stellar performance in 2Q20 – Earnings Flash
- HPG’s net profit (NP) climbed 34.8% yoy in 2Q20 on the back of +20.4% yoy growth in steel NP and a 22-fold yoy rise in agricultural NP.
- 1H20 revenue is in line at 46.0% of our FY20F. 1H20 NP is in line at 51.4% of our full-year forecast.
- We reiterate our Add call with a TP of VND32,800.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND27,350
|
VND32,800
|
1.27%
|
ADD
|
STEEL
|
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