GAS – Higher-than-expected resiliency – Update
- Management estimated 1H20 profit after tax declined 35.9% yoy to VND3,930bn, which was slightly higher at 55.5% of our full-year forecast.
- We reiterate our Hold call with a higher TP of VND70,000.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND69,000
|
VND70,000
|
5.07%
|
HOLD
|
OIL & GAS
|
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