PLX [BUY +20.1%] - Stronger financial capacity to support higher dividend - Update
  • 2019-11-13T10:42:46
  • Company Research
We raise our TP by 9.6% and upgrade to BUY due to ~2% higher 2020-2024F earnings forecasts on average and the impact of rolling our TP to end-2020F. We raise our 2020-2024F cash dividend by 15% to VND3,000/share (yield of 5.0%) given PLX’s stronger cash balance.