NLG – Key takeaways from analyst briefing – Update
- Management estimates FY19F revenue of VND2,614bn (-24.8% yoy) and net profit of VND956bn (+32.5% yoy), fulfilling 76% and 100% of its targets.
- 11M19 presales value exceeded VND8tr (60% yoy), thanks to strong presales of Southgate and Akari projects.
- Maintain Add, backed by better outlook in FY20-22F.
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
VND27,350
|
VND39,600
|
1.83%
|
ADD
|
PROPERTY DEVT & INVT
|
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