Give us your feedback

KBC – Additional cost dented 3Q19 earnings – Earnings Flash

Company Note 06/11/2019    138

Share

  • 3Q19 net profit (NP) plunged 50% yoy as gross margin (GM) dropped 23% yoy because of additional cost at Tan Phu Trung industrial park (IP).
  • 9M19 NP edged up 2% yoy to VND500bn, which was below our estimate at only 59% our full-year forecast.
  • Maintain Add. Our RNAV-based TP is VND17,500.

Market Price

Target Price

Dividend Yield

Rating

Sector

VND14,300

VND17,500

6.73%

ADD

PROPERTY DEVT & INVT

Please follow this link for the full report

DMCA.com Protection Status