Tóm tắt:
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Compared to Binh Minh plastic (BMP), the biggest plastic pipe manufacturer in the South, which is traded at VND 56,000 with PE 2009 8.0x, NTP’s valuation is currently 10% lower than BMP. In addition, we expect a growth rate of 17% in NTP’ EPS in 2010 thanks to a recovery of the construction industry. Therefore, we recommend to BUY NTP’s stock at the current price and hold in 1.5-2 years.
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