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

PVS - OUTPERFORM - M&C business resilient – stock oversold - AGM

Company Research

27 Apr 2015

Management continues practice of setting conservative target: NPAT guided to decline 47% on 14% decline in revenue at oil price US$65. AGM approved FY15 cash dividend of VND1,200 (yield 5%), same as FY14 level, which is expected to be paid by Jul-15 . PVS secures US$360mn worth of new upstream and downstream M&C contracts in 1Q15, proving its ability to win projects in low oil price environment; amount is equal to over half FY14 M&C revenues.
Tags: PVS

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