Report

Analyst Pin-board PET – Setting a high sales target for Apple products while potentially expanding brand portfolio with Xiaomi in 2022

  • We see interesting growth story in the company for 2022, fueled by promising sales target of Apple products, a potential cooperation with Xiaomi, and product portfolio expansion with Samsung’s TVs.
  • The management believes that laptop sales growth in 2022 is likely to subside as the sales boom in recent two years has addressed nearly most of market’s at-home demand.
  • Per management, the Thanh Da project is subject to an investment period extension, before being eligible for receiving the land use right certificate and further developing the project.
  • 2022 Preliminary financial plan: Revenue of VND 20 trillion (+19% vs 2021E), PBT of VND 420 Bn (+17% vs 2021E).
Provider
Viet Dragon Securities
Viet Dragon Securities

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.

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Analysts
Son Tran

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