VHM – Brighter outlook expected – Update
- VHM posted an FY19 PATMI of VND21.3tr, up 49.1% yoy, beating our full-year forecast of VND19.4tr.
- We expect VHM to record a PATMI CAGR of 36.7% in FY18-21F, driven by the delivery of its mid-range projects.
- Maintain Add rating with an unchanged TP of VND104,300.
|
Market Price
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Target Price
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Dividend Yield
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Rating
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Sector
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|
VND86,200
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VND104,300
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2.10%
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ADD
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PROPERTY
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