Title | HAH Initial Report - OUTPERFORM - Rooted and resilient: Paving the way to the future |
---|---|
Category: | Company Report |
Source: | Bao Viet Securities |
Industry: | Industrials |
Business: | Hai An Transport and Stevedoring Joint Stock Company |
Detail: |
04/10/2024
0
pdf
English
0 kb
0
|
Summary: |
By combining the DCF and EV/EBITDA methods, we defined the fair value of HAH at VND51,900/share, implying an upside of 27.2%. Thus, we issue an OUTPERFORM rating for this stock. In the short and medium term, HAH shares will be positive thanks to (1) Indirectly benefiting from high container freight rates; and (2) Higher production volumes in 2H24 backed by fleet expansion amid a recovering and growing economy. ………………………………………………………………............. Please find the attached file below. |