Analyst Pin-board: BFC - Recovery in 2H2019
Facing difficulties in 1H2019 such as (1) weak demand and strong competition in the South Market (2) significant increasing raw material price but slightly rise in the selling price, the business result has experienced “bad” for years. But BFC is able to improve its performance in 2H2019 thanks to the better conditions like a higher sales volume as well as a lower input price. However, the final number is forecasted to be “poorer”, compared to the same period last year. So we adjust our target price for BFC to VND15,900 per share, equivalent to an ACCUMULATE action.
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