NLG – Weak 9M19 results just a blip – Earnings Flash
- NLG’s 3Q19 net profit plunged by 65.1% yoy amid weak handover value and the lack of land transfers.
- The successful launch of the mid-range condo Akari in 3Q19has consolidated NLG’s presales outlook for FY20F.
- Maintain Add for promising FY20-21F outlook, backed by steady presales growth with a TP of VND39,600.
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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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VND28,650
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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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