PVS [BUY +48.6%] - Strong M&C backlog supports solid earnings despite FPSO Lam Son’s provision - Update
  • 25 Nov 2019
  • Company Research
We maintain a BUY rating while trimming our target price by 0.4% as we lower our 2020-2024F earnings by ~5% on average due to a delay of some projects; this is offset by the positive impact of rolling out target price to end-2020F. In addition, we raise o