VHC – Medium-term prospects are set to brighten up – Initiation
- Vietnam’s pangasius exports expected to shine in medium term.
- VHC is well-equipped to capture the recovery of pangasius export business.
- We expect VHC’s results will strongly recover in FY20F.
- We initiate coverage on VHC with an ADD rating and target price of VND93,900.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND78,900
|
VND93,900
|
5.1%
|
ADD
|
FISHERY
|
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