Tóm tắt:
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With the market price of VND 15,800 per share, P/E forward 2009 and P/B of HT2 are 9.9x and 1.4x, respective, compared to the industry average of 10.5x and 1.4x. EV/EBITDA 2009 of HT2 is quite attractive at 5.4x. Especially, HT2 has the highest gross margin (27.2%) compared to its peers and to the industry average of 22.7%. Other profitability ratios such as net margin, ROA and ROE are also at a high level. Having satisfactory performance in Q1-2009 together with a large scale and efficient operation, and stable earnings generation each year, HT2 is a typical cement company that could be considered for investment decision.
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