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.
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
VND10,350
|
VND13,900
|
0%
|
ADD
|
OIL & GAS
|
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