PPC- We like PPC for its healthy balance sheet and high dividend yield – Re-initiation
- Stable operation despite its aged power plants.
- Reduced exposure to coal shortage risk.
- We expect higher dividend receipt from its associates.
- Re-initiate with Add rating and TP of VND27,879.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND24,600
|
VND27,879
|
10.2%
|
ADD
|
UTILITIES
|
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