PC1 – 2020F net profit boosted by real estate booking – Update
- FY19 net profit dropped 23.6% yoy to VND356bn, coming at in 82.3% of our forecast.
- Higher contribution from power sector going forward.
- We revise down FY20-21F net profit forecasts by 0.9%-9.4%
- Reiterate Add with a lower target price of VND17,200.
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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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VND11,700
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VND17,200
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0.0%
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ADD
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INDUSTRIALS
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