Tiêu đề | ITC_BUY_TP 27,400_Upside 26.8__Attractive Valuation_BSC_Vietnam company update | |
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Loại báo cáo | Phân tích công ty | |
Nguồn | BSC | |
Doanh nghiệp | ITC | |
Chi tiết |
Ngày : 29/11/2021 Số trang : 9 Ngôn ngữ : English Dạng tệp : .PDF Kích thước : 508 Kb Tải về: 120 Tải về |
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Bình chọn | (Bạn phải đăng nhập để bình chọn) | |
Tóm tắt |
VALUATION FORECAST OF BUSINESS RESULTS BSC forecasts that ITC's revenue and NPAT in 2021 will reach VND 705 billion (-24% YoY) and VND 137 billion (+1% YoY), EPS fw = VND 1,724 and P/E fw=13.0, P/B fw= 1.1. INVESTMENT THESIS § ITC is trading at an attractive valuation compared to its peers. § Implementation of key projects on schedule and positive signals from long backlog projects. RISKS § The Covid-19 epidemic will affect the construction, sales and leasing of shopping centers and hotels . COMPANY UPDATE § 9M2021 business results: Revenue and NPAT in the first 9 months of 2021 of ITC reached VND 350 billion (+1% YoY) and VND 62 billion (-11% YoY) respectively, mainly contributed from the apartment business at Terra Royal .
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