VTP – Short-term catalyst from Viettel Group’s divestment – Update
- We expect FY20-22F net profit CAGR at 19.3% thanks to VTP’s strong efforts to gain market share in Vietnam’s postal delivery market.
- Viettel Group’s 6% stake divestment in Nov 2020 is a short-term catalyst.
- Recommend ADD rating with TP of VND130,700.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND106,000
|
VND130,700
|
1.4%
|
ADD
|
INDUSTRIALS
|
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