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PNJ – 1Q preview and FY20 business strategy update – AGM Note

Company Note 10/04/2020    152

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  • 1QFY20 preview: pre-lim revenue rose 5% yoy to VND5,000bn while net profit eased 4% yoy to VND411bn.
  • PNJ has closed 85% of its stores nationwide for 14 days since 1 Apr 2020 following Vietnam’s social distancing measure.
  • We will revisit our earnings forecasts in the next update

Market Price

Target Price

Dividend Yield

Rating

Sector

VND48,300

VND86,500

2.25%

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