Earnings Report /
Vietnam

PetroVietnam Fertilizer & Chemicals: Expect outstanding growth in Q2

  • Q1 revenue increased by 14.6% yoy but NPAT surged by 63% due to high selling price and lower interest payment

  • Outstanding growth in Q2 profit as a result of selling prices peaking and insurance compensation

  • The target price one year out is VND26,100/share. Upside of 48%, corresponding to a Buy.

Tam Pham
Tam Pham

Fishery, Insurance

Rong Viet
2 June 2021
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