Back

HPG - ADD - Solid long-term growth outweigh short-term concerns - Initiation

Company Research

17 Feb 2012

We initiate coverage on Hoa Phat Group (HSX: HPG), with a ADD recommendation and a target price of VND20,700 per share suggesting 10% upside from its current price of VND18,900 per share. Our target price implies a 7.0x FY2012E PER and 4.6x FY2013E PER and expected cash dividend yield of c.11%.
Tags: HPG

Contact us for a research access: (+84) 2 8888 2 6868

/trung-tam-phan-tich