VHC – Covid-19 weighing on 2020 outlook – Update
- Weak 4Q19 results on pangasius fillet export price tumble.
- COVID-19 weighs on pangasius exports to China.
- U.S. demand for pangasius products could recover in 2020F amid supply shortage of China’s white-fish products.
- EVFTA in force to allow Vietnam’s pangasius to gain more EU market share.
- Reiterate Add, with lower TP of VND39,700.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND32,750
|
VND39,700
|
3.1%
|
ADD
|
CONSUMER GOODS
|
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