Analyst Pin-board NT2 - Modest earnings yet prosperous cash flow in 2021
We maintain our target price for NT2 at VND 25,600, offering a 16% upside from the closing price on April 13th, 2021. Though NT2 is going to pay the 2020 dividend of VND 1,000 as stated in AGM's proposal, we believe NT2 will soon pay out most of its spare cash as a 2021 dividend under POW’s domination (59% ownership) when the company finishes its debt obligation in 2021. Thus, we recommend investors, particularly those seeking high dividend yield, to ACCUMULATE NT2 this year.
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