PVS – Fairly priced – Update
- We expect FY20-22F net profit CAGR of 20.5%, driven by a recovery in oil price which could help raise service rates and resume demand for O&G supporting services.
- Downgrade to Hold with higher target price of VND22,400 as share price
has ascended to a fair level.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND24,000
|
VND22,400
|
2.9%
|
HOLD
|
OIL & GAS
|
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