GVR – Update – Waiting for positive signals from tariff negotiations
Posted:27/05/2025
- 1Q25 net profit (NP) increased 149% yoy thanks to average rubber price increasing 40% yoy, higher than our expectation and fulfilling 36% of our forecast;
- We revise up FY25-26F NP by 25%/4% on positive rubber outlook thanks to global supply shortage;
- We change our recommendation to ADD as GVR’s stock price has plummeted to an attractive price, our target price stays at VND 34,300/share.
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