Give us your feedback

PNJ – Navigating through challenges – Update

Company Note 27/05/2020    171

Share

  • PNJ’s revenue dropped 47% yoy to VND501bn and the company recorded a net loss of VND89bn (-268% yoy) in Apr 2020.
  • We believe 2Q20F results will be hit harder by the shop closure due to COVID-19 outbreak.
  • Upgrade to ADD rating with lower TP of VND78,800.

Market Price

Target Price

Dividend Yield

Rating

Sector

VND63,000

VND78,800

2.3%

ADD

CONSUMER GOODS

Please follow this link for the full report

DMCA.com Protection Status