Title | PVD Update Report - OUTPERFORM - PVD VIII rig successfully received, ready for drilling starting from September. The 2024 results are in line with expectations |
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Category: | Company Report |
Source: | Bao Viet Securities |
Industry: | Oil & Gas |
Business: | PetroVietNam Driling & Well Services Corporation |
Detail: |
20/03/2025
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Summary: |
BVSC forecasts NPAT growth for PVD of 11% in 2025 and 12% in 2026. Using the FCFF valuation method for the 2025–2030 period, BVSC determines a fair value for PVD at VND 28,914/share, equivalent to a forward P/B ratio of 0.96x at the target price. Recommendation: OUTPERFORM. …………………………………………… Please find the attached file below. |