| Title | PNJ Update Report - OUTPERFORM - More expansion in 2025. Solidifying leading position in Jewelry retail |
|---|---|
| Category: | Company Report |
| Source: | Bao Viet Securities |
| Industry: | Consumer Goods |
| Business: | Phu Nhuan Jewelry Joint Stock Company |
| Detail: |
21/02/2025
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| Summary: |
Our 2025 forecast shows PNJ trading at a P/E of 13.4x, well below its 17x historical average (since 2018) and lower than its regional peers. Therefore, we maintain our OUTPERFORM rating for PNJ with a target price of VND120,500/share. ………………………………………………………………............. Please find the attached file below.   |
