PVD - BUY - Higher TAD gross margin lift earnings forecast - Update
  • 10 Oct 2012
  • Company Research
We increase target from VND46,500 to VND52,400 (upside 43%, BUY). Consolidated 9M2012 revenue hit VND8 trillion or USD383 million (+22% yoy) and net income hit VND1.1 trillion or USD52.6 million (+30% yoy) on the back of higher gross margins in the Tender