PC1 – High earnings visibility for FY20-21F – Update
- Grid erection and installation segment recovered as expected, partly offsetting the slump of real estate segment.
- New hydropower projects bolster future earnings growth.
- Three new property projects ensure a steady contribution to PC1’s earnings in FY20-22F.
- Recovery in earnings in FY20-21F.
- Maintain Add with higher target price of VND26,100/share.
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
VND17,550
|
VND26,100
|
0.0%
|
ADD
|
INDUSTRIALS
|
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