PTB - Proactively expanding stone production segment
​Considering the potential of its stone mines in Central Vietnam as well as the recent increases in capacity at Dong Nai and Hung Yen factories, we believe PTB will be able maintain positive earnings growth in years to come. We estimate PTB’s 2016 revenue and NPAT at VND3,727 bn (+22% yoy) and VND231 bn (+34% yoy), respectively. For 2017, we expect 13% in both top-line and bottom-line growth. With this positive outlook, we adjusted PTB’s target price up 15% from the last update on 27/04/2016 to VND150,000/share. At today’s closing price of VND133,000 /share, we rate PTB as ACCUMMULATE in the INTERMEDIATE term. In 3Q2016, the Company will pay stock dividend at 20%.
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.
RongViet Research reports are diversified and abundant, along with in-depth analysis and performed by experienced, highly-qualified and knowledgeable teams. With the objectives of transparency, accurate and timely manner, RongViet believes that our products would always be important sources of information for customers/investors’ investment decisions.”
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.