PVT – Modest impact from IMO 2020 – Update
- 9M19 net profit rose 17.0% yoy, in line at 69.8% of our full-year forecast, thanks to contribution from new vessels.
- We believe IMO 2020 would have limited impact on PVT; affected vessels could pass on the higher costs to customers.
- Maintain Add and TP of VND21,000.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND16,650
|
VND21,000
|
6.01%
|
ADD
|
TANKER SHIPPING
|
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