Analyst Pin-board PVT – Cautious guidance as usual for 2021 despite 1Q2021 impressive earnings
- 2021 AGM will be held on 15 June. The 2021 guidance is set at VND6.000bn for revenue and VND404bn for NPAT. PVT will also spend VND7,621bn for CAPEX and no cash dividend payment in 2021.
- PVT recorded a positive result in the first three months with revenue of VND1,717bn (+8,8% YoY) and NPATMI of VND136bn (+102,1% YoY).
- In 1Q2021, PVT has fulfilled 28,6% and 33,6% of its revenue and profit target, respectively.
- We believe that the company can easily reach the target with the expected revenue and NPATMI of VND7,563 (+2.4% YoY) and VND845bn (+26.2% YoY), respectively. We recommend ACCUMULATE with a target price of VND 23,300.
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