HPG – All eyes on Dung Quat Steel Complex – Update
- We reiterate our Add rating after a site visit to HPG’s Dung Quat Steel Complex (DQSC) in Quang Ngai.
- Management expects FY20F construction steel sales volume to jump 33.3% yoy.
- We raise our TP to VND29,700 on the back of higher sales volume growth in FY20-21F.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND23,000
|
VND29,700
|
0%
|
ADD
|
STEEL
|
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