PVD – Contract win partly priced in – Update
- PVD recently announced it has signed the contract for the long-awaited project in Brunei for a period of six years plus two 2-year extension options.
- We raise our FY20-21F EPS forecasts by 3-21% to reflect this new contract award.
- Maintain Hold with a higher target price of VND19,600.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND17,400
|
VND19,600
|
0.0%
|
HOLD
|
OIL & GAS
|
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