POW – 1Q20 earnings hurt by FX loss – Update
- POW’s 1Q20 revenue slumped 5.5% yoy to VND7,975bn, following a 4.3% yoy drop in electricity sales volume.
- 1Q20 net profit plunged to VND444bn (-49.5% yoy); below at only 15.2% of our full-year forecast.
- We reiterate our Add call with a TP of VND16,800.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND10,400
|
VND16,800
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0%
|
ADD
|
POWER
|
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