Analyst Pin-board NKG – Robust demand overseas will support the bottom line in 2H
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· NKG’s GPM in Europe and North America can reach 19% due to large price differences. · The company received sufficient orders for production until November, allowing factories to run at full capacity despite weak domestic demand. · We forecast that the company’s revenue and NPAT will reach VND 8,140 billion and VND 700 billion in 3Q, increasing by roughly 140% YoY and 620% YoY respectively. · We recommend to BUY NKG with a target price of VND 41,000. Coupled with a cash dividend of VND 500/share, the total expected return is 30%. |
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