Analyst Pin-board Adjusting expectation on selling volume of CVT
We revise CVT's revenue and PBT 2020 forecast from VND 1,169 and VND 116 billion to VND 1,321 and VND 144 billion, equivalent to 102% and 103% of company’s revenue and EBT 2020 target because consumption is better than previous expectations. Therefore, we raise our target price for CVT from 19,985 VND to 23,040 VND / share. With a dividend of VND 1,500 / share over the next 12 months, the total return is 9.1% based on the closing price on October 5, 2020. We maintain the ACCUMULATION recommendation for CVT.
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