レポート名 | ITC_BUY_TP 27,400_Upside 26.8__Attractive Valuation_BSC_Vietnam company update | |
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レポート類 | Phân tích công ty | |
ソース | BSC | |
会社 | ITC | |
ディテール |
日付 : 29/11/2021 総ページ数 : 9 言語 : English File Type : .PDF FileSize : 508 Kb ダウンロード: 120 ダウンロード |
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要約 |
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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