Published Date: 11/10/2024
- The cooling of 30-year fixed mortgage rates in USA has helped revive the housing market, thereby boosting demand for wooden furniture products from Q4 2024.
- We expect a 47.3% YoY increase in PTB’s net profit (NP) in 2024, followed by 49.9% and 4.2% YoY growth in 2025-26, respectively. This significant growth is primarily driven by the strong performance of the wood segment.
- We recommend ADD with a target price of 73,800 VND/share.
