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
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND86,200
|
VND104,300
|
2.10%
|
ADD
|
PROPERTY
|
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