Analyst Pin-board STK – 3Q2020 Update: Recovery better than expected
The strategy of focusing on recycled yarn continues to prove its efficiency amid the adverse effects of the pandemic. Given the better-than-expected recovery of the yarn demand in 3Q2020, especially recycled yarn that has been backed up by the accelerating “green-lifestyle” post-pandemic, we revise up our target price for STK from VND 15,600/share to VND 18,700/share. With an expected cash dividend of VND 1,500/share in the next 12 months, the total return is 14%. We recommend to ACCUMULATE this stock.
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