PVT – 2020 AGM: Conservative guidance as usual – AGM NOTE
- Management estimated 1H20 pretax profit at VND250bn (-31.5% yoy), equivalent to 63% of its full-year guidance.
- Investors’ questions at PVT’s AGM mainly revolved around its future dividend plan, capex guidance, and expansion strategy in the international market.
- Reiterate Add with an unchanged TP of VND14,400.
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
VND10,850
|
VND14,400
|
3.7%
|
ADD
|
TANKER SHIPPING
|
Please follow this link for the full report
You Might Be Interested
Company Note
8
Charm Villas project is the key driver for net profit growth during FY22-23F. We expect power segment to deliver 38.4% yoy growth in FY22F revenue with full-year operation of three renewable power plants. We reiterate our Add call with a…
Company Note
16
VHC’s 1Q22 net revenue/net profit surged 82.7%/318.3% yoy, fulfilling 29%/39% of our full-year forecasts, respectively. We expect FY22F revenue/NP to grow robustly 52.8%/77.9% yoy, riding on strong export demand and expanding gross margin. Upgrade to Add with a higher TP…
Company Note
18
ACV posted VND701bn in 1Q22 net profit (+2.5% yoy), marking the first quarter of core business returning to positive growth since FY20. We lower FY22-24F EPS by 14.1%-7.0% following the longer-than-previous expectation of China’s zero covid strategy. Reiterate Add with…