POW – AGM Note – 20190423
- The company has set a flat business plan for FY2019 at the AGM on 19 Apr 2019. In our view, this plan is quite conservative given lower depreciation expenses (thanks to fully depreciated Ca Mau 1 & 2 plants in 2018) and potentially higher output volume with no major maintenance this year. The company plans to pay 6% stock dividend in 2019.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND14,100
|
N/A
|
0.00%
|
NOT RATED
|
PROPERTY
|
Please follow this link for the full report
You Might Be Interested
Company Note
66
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
45
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
48
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
