PVT – Earnings Flash – 20180807
- 1H revenue reached VND3,881bn while net profit clocked in at VND324b, forming 55% of our revenue forecast and 59% of our net profit forecast for FY18, respectively.
- We therefore maintain our projections for FY18.
- PVT’s robust earnings growth in 1H18 reaffirms our Add rating.
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
VND17,250
|
VND29,900
|
5.8%
|
ADD
|
TANKER SHIPPING
|
Please follow this link for the full report
You Might Be Interested
Company Note
11
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
12
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…
Company Note
12
1Q22 net profit (NP) plunged by 99.8% yoy to VND0.6bn due to lack of one-off income, making up only 0.05% of our full-year forecast. We project FY22F earnings up 19.4% yoy to VND1,259bn driven by one-off gains and strong property…