Analyst Pin-board ANV – 9M2019 Result
According to the company’s estimation, after 9M2019, ANV has completed 65% of its revenue plan and 75% its PAT plan. We appreciate the company's ability to complete its 2019 plan due to high demand in China and ASEAN countries while selling prices tend to rise from August, and the farming cost has reduced due to the sharp drop in fingerling prices. In the long term, ANV has a good growth potential thanks to improvements and expansion in farming and market diversification to minimize risks on its export. The company has paid 15% cash dividend for 2018 and planed to pay 20% cash dividend for 2019, equivalent to a dividend yield of 7,5%. In addition, the stock is trading at a TTM P/E 4.3 x, lower than the average TTM P/ E of 6x of the fishery sector. Therefore, we believe ANV an investment that worths considering
Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.
RongViet Research reports are diversified and abundant, along with in-depth analysis and performed by experienced, highly-qualified and knowledgeable teams. With the objectives of transparency, accurate and timely manner, RongViet believes that our products would always be important sources of information for customers/investors’ investment decisions.”
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.