PVD – Starting to feel the pain of Covid-19 – Update
- 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
|
Please follow this link for the full report
You Might Be Interested
Company Note
31
TPB’s 1Q23 net profit grew 8.8% yoy to VND1,413bn (fulfilling 21% of our FY23F forecast). TPB’s NP growth is expected to slow down to 9%/18% yoy in FY23-24F (2020-22 CAGR of 33.6%). Reiterate ADD with unchanged TP of VND31,000. Market…
Company Note
19
DGW is one of market leaders in ICT product distribution with more than 6,000 points of sale (POS) in Vietnam. FY23F net profit is expected to drop 28.8% yoy following weak domestic demand but will get back to 23.3% growth…
Company Note
21
1Q23 net profit (NP) slid 30% yoy to VND1,629bn due to lower gasoline crack spread and lower petrochemical spread. FY23F NP is expected to drop 46.3% from FY22 record level due to GRM compress, but still 17.7% higher than FY21…
VI
EN
JA
ZH
