PPC [BUY +23.6%] - Associated companies to support PPC’s solid dividend - Update
  • 2019-11-07T20:34:21
  • Company Research
We maintain a BUY rating and raise our target price by 7.3% to VND29,300/share due to (1) the impact of rolling our target price to end-2020 and (2) as we raise our 2021-2029F earnings forecast by an average 1.5% given lower coal price and higher sales volume assumptions.