Title | PVS_BUY_TP 18,300_Upside 17.3%_April showers bring May flowers_BSC Company update |
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Report Type | Phân tích công ty |
Source | BSC |
Bussiness | PVS |
Detail |
Date : 22/07/2021 Total pages : 8 Language : English File Type : .PDF FileSize : 646 Kb Download: 192 Download |
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Short Content |
Valuation
We recommend BUY for PVS stock with a target price of VND 18,300, +17.3% from the November 17, price of VND 15,600 based on P/E 2021 = 10.5
Forecast of business performance
Investment thesis
Investment to large oil and gas projects are heavily focused, which is expected to bring growth to VPS
Catalyst
The market will receive new cash flows from investment funds according to the MSCI FM Index and MSCI FM 100 Index from November 2020 when Kuwait is upgraded. Accordingly, the proportion of PVS shares in iShare fund is expected to increase from 0.09% to 0.22% (equivalent to a purchase value of 0.49 million USD). (For details refer to Link)
Financial result & business update
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