PVS – Strong 1Q results backed by M&C segment – Update
- PVS’s 1Q19 pre-tax profit rose 61.9% yoy, thanks to wider gross margin and higher profit from associates.
- We maintain our Add rating with a target price of VND25,000.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND22,500
|
VND25,000
|
5.42%
|
ADD
|
OIL & GAS
|
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