PVD – Patience is a virtue – Initiation
- PVD’s rig fleet is young enough to benefit from the oil services market upturn.
- We expect PVD’s profitability to turn around in FY19-21F.
- We initiate coverage with an Add rating and target price of VND20,000.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND17,550
|
VND20,000
|
0.00%
|
ADD
|
OIL & GAS
|
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