Published Date: 18/10/2024
- In 3Q24, PVT has liquidated an oil/chemical tanker with expected profit of VND 150 bn. The company has also received an LPG carrier and a bulk carrier, which bring the number of vessels in PVT’s fleet to 54.
- We expect net profit of PVT to increase 14.3% yoy and 4.9% yoy in 2024-25F, respectively, thanks to the better assumption of fleet expansion speed.
- Reiterate ADD rating with target price of 33,400 VND/share.
