PVD – All eyes on PVD V – Update
- PVD returned to the black in 1H19 with US$1m net profit, from a loss of US$13.5m in 1H18, mainly driven by a recovery in its drilling business.
- The future of the PVD V rig remains investors’ biggest concern.
- Maintain Hold with lower TP of VND17,400.
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
VND16,000
|
VND17,400
|
0.00%
|
HOLD
|
OIL & GAS
|
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