PNJ – 4Q20 results update: Firming a strong recovery – Update
- 4Q20 topline and bottomline grew 9.8% yoy / 10.1% yoy to VND5,843bn/VND427bn, respectively.
- PNJ’s FY20 revenue inched up 3% yoy to VND17,551bn while net profit slid 10.4% yoy to VND1,069bn, fulfilling 98.3% our forecast.
- Reiterate Add with unchanged TP of VND99,500.
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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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VND82,400
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VND99,500
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2.24%
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ADD
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CONSUMER GOODS
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