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Tóm tắt:
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MBKE expect KDC’s FY13 revenue and earnings to grow 18% And 44% YoY to VND5,054b and VND517b, respectively. Note that, in FY12, KDC suffered a non-recurring loss of VND57b, arising from the disposal of Nutifood and Tribeco. KDC is trading at 15x FY13 PER versus an expected FY13-16 EPS CAGR of 20%. Maintain HOLD.
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