PLC Update Report 11.2023

Title	PLC Update Report - NEUTRAL - Business performance is expected to improve in 4Q23 and FY24
Category:	Company Report
Source:	Bao Viet Securities
Industry:	Oil & Gas
Business:	Petrolimex Petrochemical Corporation
Detail:	Date 22/11/2023 Page count 8 File type pdf Language English File size 0 kb Download 0
Summary:	We reduced our revenue forecast for the asphalt segment by 7.5% due to slower-than-expected construction progress. By adopting the FCFF and FCFE valuation methods, we issue a NEUTRAL rating for PLC with a target price for FY23 of VND34,800/share, implying an upside of 14.8%. bvsc-plc-update-report-112023.pdf