PC1 – 2020F net profit boosted by real estate booking – Update
- FY19 net profit dropped 23.6% yoy to VND356bn, coming at in 82.3% of our forecast.
- Higher contribution from power sector going forward.
- We revise down FY20-21F net profit forecasts by 0.9%-9.4%
- Reiterate Add with a lower target price of VND17,200.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND11,700
|
VND17,200
|
0.0%
|
ADD
|
INDUSTRIALS
|
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