NLG – Key takeaways from analyst briefing – Update
- Management estimates FY19F revenue of VND2,614bn (-24.8% yoy) and net profit of VND956bn (+32.5% yoy), fulfilling 76% and 100% of its targets.
- 11M19 presales value exceeded VND8tr (60% yoy), thanks to strong presales of Southgate and Akari projects.
- Maintain Add, backed by better outlook in FY20-22F.
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Market Price
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Target Price
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Dividend Yield
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Rating
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Sector
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VND27,350
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VND39,600
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1.83%
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ADD
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PROPERTY DEVT & INVT
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