KDH – 9M18 results: In line with forecast – Update
- 9M18 net profit increased 8% yoy to VND404bn, in line with our expectation.
- VND168bn net profit booked in 3Q18 was primarily derived from the sale of remaining land lots from the Phong Phu 4 and Long Truong projects.
- Downgrade to Hold as the stock has rallied to close to our target price
Market Price
|
Target Price
|
Dividend Yield
|
Rating
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Sector
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VND31,700
|
VND34,400
|
1.58%
|
HOLD
|
REAL ESTATE
|
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