NLG – Beyond expectation – Earnings Flash
- NLG posted FY19F net profit of VND960bn (+25.8% yoy), at 119.1%/100% of our/management’s estimate of VND806bn/VND960bn.
- This was mainly driven by a one-off income of VND383bn from its Dai Phuoc project.
- Maintain Add, due to its better outlook in FY20-22F.
|
Market Price
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Target Price
|
Dividend Yield
|
Rating
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Sector
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|
VND28,000
|
VND39,600
|
1.79%
|
ADD
|
PROPERTY
|
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