Analyst Pin-board DRC – 2Q2020 Business results update
In the first half of the year radial tire exports were heavily affected by Covid-19. Results continued to decline following the trend of recent years. Taking into account the difficult year, the increasing level of competition and the possibility of the radial plant expansion which will happen in 2021 instead of 2020, we adjust our target price by reducing it from VND22,500/share toVND19,200/share. Coupled with the expected cash dividend of VND1,000/share within the next 12 months, the total return is27%.We recommend toBUYthis stock.
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.