PPC [BUY +31.6%] - Stellar results of HND reconfirm PPC’s sustainable yield - Update
  • 12 Feb 2020
  • Company Research
We maintain a BUY rating and raise our target price by 9.2% to VND32,000/share due to (1) our higher 2020-2029 NPAT-MI forecast and (2) higher target P/E (see more on page 7).We raise our 2020F adjusted NPAT by 12.2% and increase our 2021-2029 NPAT foreca