GAS – 1Q20 results: No major surprises – Earnings Flash
- GAS reported 1Q20 net profit of VND2,333bn (-23.0% yoy), in line at 33.6% of our full-year forecast.
- We think 2Q20F would be severely hit by the oil price decline, assuming oil prices bottom in 2Q20F and recover in 2H20F.
- Reiterate Hold and TP of VND61,800.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND63,500
|
VND61,800
|
4.23%
|
HOLD
|
OIL & GAS
|
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