LPB – Better-than-expected 1Q20 but high growth is unlikely for FY20F – Update
- 1Q20 net profit rose 18.4% yoy to reach VND486bn, forming 29.8% of our FY20F forecasts.
- Maintain Add rating with unchanged TP of VND10,000/share.
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
VND7,600
|
VND10,000
|
0%
|
ADD
|
FINANCIALS
|
Please follow this link for the full report
You Might Be Interested
Company Note
15
In 2Q23, VPB consolidated result recorded a net profit of ~VND3trn, decreased by 13% yoy on surging funding and provisioning costs In 1H23, VPB consolidated result reported a total net profit of ~VND5.6trn, completing 40% of our full-year forecast. Reiterate…
Company Note
69
VHM’s 1H23 revenue and net profit robustly grew by 362%/315% yoy, fulfilling respectively 74.5%/67.3% of our previous full-year forecast. In 1H23, the company posted impressive interest coverage ratio of 19.8x, far higher than the sector average of 4.4x, keeping default…
Company Note
52
1H23 net profit (NP) grew by 36.5% yoy to VND491bn thanks to increasing charter rates, fulfilling 56.5% of our full-year forecasts. PVT has been reaping sweet fruits of its rejuvenating fleet strategy amid surging global tanker charter rates. Downgrade to…