PNJ – 1Q preview and FY20 business strategy update – AGM Note
- 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
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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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VND48,300
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VND86,500
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2.25%
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ADD
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CONSUMER GOODS
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