KDH – Potential growth has been largely priced in – Update
- While 9M19 net profit made up just 55.4% of our FY19F number, we expect a huge delivery in 4Q19F to help the company meet our full-year forecast.
- FY19F presales are also expected to be on track, thanks to the launches of the Venita and Lovera Vista projects in 2H19F.
- We downgrade from Add to Hold as the positives appear to be priced in.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND26,300
|
VND28,300
|
1.90%
|
HOLD
|
PROPERTY DEVT & INVT
|
Please follow this link for the full report
You Might Be Interested
Company Note
67
MWG plans for FY24 revenue and net profit of VND125tn/VND2.4tn, respectively, increases of 6% yoy and 14 times compared to FY23. According to management, BHX will begin to record profit in 1Q24 and targets to reach net profit of VND1tn-VND2tn…
Company Note
46
We maintain our Hold rating with 11.9% upside and a 0.0% dividend yield. We increase our TP by 11.0% while the stock price has increased 5.6% since our last report. The main drivers of our recommendation are the decline in…
Company Note
49
We maintain our ADD rating with 50.2% upside. We decrease our TP by 22.3% while the share price has increased 8.5% since our last report. The main driver of our TP change is that we apply a 40% discount rate…
VI
EN
JA
ZH
