|
Tóm tắt:
|
We are initiating our coverage on Kinh Bac JSC (KBC) with a HOLD recommendation. We have derived a target price of VND 70,700 per share based on our discounted cash flows (DCF) model, implying a forward PER of 17.4x and a P/B of 3.3x. Although we like KBC, a company with deep asset value, strong track record, and expect strong earnings growth over the next few years, we believe that the Group is fairly valued at this moment.
|
|
|
|
|