VJC – Flying through the turbulence – Update
- VJC posted VND1,063bn in 2Q20 net profit (+71.2% yoy) following a VND3,103bn rise in S&LB and financial income to offset a 60.8% slump in 2Q20 revenue.
- We cut FY20F EPS forecast by 97.5% on a downward adjustment of total pax throughput volume.
- Reiterate HOLD rating with lower DCF-based target price of VND103,400.
|
Market Price
|
Target Price
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Dividend Yield
|
Rating
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Sector
|
|
VND99,500
|
VND103,400
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0.9%
|
HOLD
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INDUSTRIALS
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