VPI – ANALYST MEETING NOTE – 20180413
- We attended the analyst meeting of Van Phu Investment JSC (VPI), an experienced Northern build-and-transfer infrastructure & property
developer with a sizeable land bank of 237.2 ha mostly located in Ha Noi.
- Aggressive 2018 targets and ambitious guidance for a 24% FY19-21 earnings CAGR make this stock worth watching but question marks hang over land use rights and cash flow management.
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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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VND42,500
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N/A
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2.6%
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N/A
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PROPERTY
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