Give us your feedback

KDH – Project launches facing headwinds – Update

Company Note 07/03/2019    136

Share

  • After a stellar FY18 with 61.3% yoy growth in net profit to touch VND808.9bn, KDH is expected to see only muted net profit growth of 4.4% this year.
  • Presales transaction value in FY18 undershot the company’s target by 42%, largely due to licensing delays on the Hermosa project.
  • Maintain Hold rating but with a lower TP to reflect a higher COE and the risk of delays in cash collection due to delays in the Hermosa project.

Market Price

Target Price

Dividend Yield

Rating

Sector

VND31,400

VND33,500

1.59%

HOLD

PROPERTY DEVT & INVT

Please follow this link for the full report

DMCA.com Protection Status