PVS – Finding momentum in domestic projects – Update
- We expect domestic projects such as Block B-O Mon and Su Tu Trang Phase 2 (est. total value: US$1.3bn) could support PVS’s FY21-23F bottomline.
- Reiterate Add, at a lower TP of VND15,900
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
VND12,600
|
VND15,900
|
5.56%
|
ADD
|
OIL & GAS
|
Please follow this link for the full report
You Might Be Interested
Company Note
51
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
41
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
40
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…