PVS – M&C projects to be its lifesaver in 2020F – Update
- 1Q20 net profit dropped 69.8% yoy to VND111bn, at only 12.4% of our full-year forecast.
- We think PVS is still on track to meet our net profit forecast with contribution from the M&C segment (rising-margin) in 2H20F. Reiterate Add and TP.
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Market Price
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Target Price
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Dividend Yield
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Rating
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Sector
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VND12,900
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VND16,500
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5.43%
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ADD
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OIL & GAS
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