PVT – FY18 results surpass expectations – Update
- FY18 PATMI surged 43.1% yoy to VND7,534bn, surpassing our forecast by 17.7%.
- We lift our FY19-20 EPS forecasts to reflect higher margin assumptions for PVT’s transportation business.
- We project a flat PATMI CAGR of 2.4% over FY18-20F. Maintain Add, with target price of VND21,000.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
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Sector
|
|
VND17,600
|
VND21,000
|
6.68%
|
ADD
|
TANKER SHIPPING
|
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