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PVD – Starting to feel the pain of Covid-19 – Update

Company Note 02/07/2020    457

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  • We cut our FY20-21F EPS forecasts by 25-52% to take into account the delays in the company’s drilling contracts in 2H20-2021F.
  • Downgrade to Hold, with a lower TP of VND11,700.

Market Price

Target Price

Dividend Yield

Rating

Sector

VND10,200

VND11,700

0%

HOLD

OIL & GAS

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