PLX [MARKET PERFORM +4.5%] - Increasing COCO sales volume to bolster H2 2019 - Update
  • 2019-08-14T19:23:43
  • Company Research
We maintain a MARKET PERFORM rating while raising our target price by 0.5%, mainly due to a higher DCF valuation as we roll our forecast horizon forward by six months to mid-2020. We raise 2019F earnings by 2.1% following higher-than-expected non-operating profit and less forex loss in H1 due to a stable exchange rate and domestic input from Nghi Son refinery (NSR).