Analyst Pin-board: PC1 – 9M2019 Performance: Taking Advantage Of A Dynamic Renewable Energy Market
According to PC1’s management, the estimated 9M2019 performance was around three-quarters of the company’s annual guidance, which was in line with expectations. PC1’s revenue and NPAT were approximately VND 4,393 billion (73% of annual guidance) and VND 300 billion (71% of annual guidance) respectively. PC1’s revenue grew steadily by 23% yoy. Main contributors were the construction and manufacturing segments. In contrast, the real estate segment caused a decrease of 27% yoy in the bottom-line figure, even though electricity generation grew substantially as expected “
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