HPG – Bumper 1Q20 results – Earnings Flash
- 1Q20 net profit grew at a strong 26.9% yoy to VND2,285bn to make up 25% of our full-year forecast.
- We expect the positive impact of public investment on construction steel demand to be felt mainly from 2Q20F onwards.
- We reiterate our Add call with an unchanged TP of VND29,700.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND21,400
|
VND29,700
|
1.27%
|
ADD
|
STEEL
|
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