· 2Q2021 revenue of VND3,063bn (-43.6% YoY) while NPATMI of VND152bn (-42.8% YoY). · PVS recorded VND10bn for provisions in 2Q2021, translating to total provisions of VND20bn in 1H2021. · JV profit was VND151 bn in 2Q2021, compared to VND129bn in 2Q2021. · For 2021, revenue and NPATMI are anticipated at VND13,289bn (-34.1% YoY) and VND796bn (+27.5% YoY), respectively. 2021 EPS of VND 1,499 and 2021 book value of VND26,256. · We recommend NEUTRAL for the stock with the target price of VND 24,400. |
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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