PVD – Yet to be hit by oil price crash – Update
- 1Q20 net profit surged to US$1.0m in 1Q20, from a US$3.8m net loss in 1Q19, albeit completing only 9.5% of our full-year forecast.
- The effect of the recent oil price slump could manifest later in FY21F.
- Reiterate Add at a lower TP of VND13,900.
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Market Price
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Target Price
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Dividend Yield
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Rating
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Sector
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VND10,350
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VND13,900
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0%
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ADD
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OIL & GAS
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