VHM – Strong fundamental reaffirmed – Earnings Flash
- Headline 3Q19 PATMI jumped 42.2% yoy to VND5,470bn, backed by impressive bulk sales.
- 9M19 PATMI grew a strong 30.9% yoy to come in at 78.8% our full-year forecast.
- Maintaining Add and TP of VND104,300.
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
VND89,000
|
VND104,300
|
1.12%
|
ADD
|
PROPERTY DEVT & INVT
|
Please follow this link for the full report
You Might Be Interested
Company Note
78
MWG plans for FY24 revenue and net profit of VND125tn/VND2.4tn, respectively, increases of 6% yoy and 14 times compared to FY23. According to management, BHX will begin to record profit in 1Q24 and targets to reach net profit of VND1tn-VND2tn…
Company Note
53
We maintain our Hold rating with 11.9% upside and a 0.0% dividend yield. We increase our TP by 11.0% while the stock price has increased 5.6% since our last report. The main drivers of our recommendation are the decline in…
Company Note
55
We maintain our ADD rating with 50.2% upside. We decrease our TP by 22.3% while the share price has increased 8.5% since our last report. The main driver of our TP change is that we apply a 40% discount rate…