From January 19, 2024, the Research Center will be moved to Vietcap IQ
toggle icon
logo text
logo symbol
toggle icon
Back

PPC - Cash cow likely to deliver 25% higher dividend - Earnings Flash

Company Research

16 Oct 2018

PPC released strong 9M 2018 results with recurring NPAT of VND693bn (USD29.7mn, flat YoY) as higher operating profit offsetting lower interest income. Given strong sales volume growth of 9.5% YoY, reported and recurring NPAT completed 84.5% and 83.0% of our full-year forecast, respectively. As Q4 is usually a strong quarter for coal-fired power plants, we expect to raise our 2018 recurring earnings forecast by 5%-10%.

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

/trung-tam-phan-tich