Analyst Pin-board: PVT – 2Q2020 result update
We believe that PVT's profit bottomed out in 1Q2020 and will gradually improve in the coming quarters. Although the profit for the whole year 2020 will be difficult to maintain growth, it will create a low “base” for the company to return to its growth momentum from 2021. In addition, PVT share is being traded at P/E forward 7x, quite cheap compared to its prospect. Therefore, we recommend to BUY the PVT share with the target price of VND13,400, Plus cash dividend of VND400, the total return is 23%, comparing to the closing price on August 26, 2020.
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