PNJ: Earnings recovery almost priced in

Nguồn báo cáo: VNDS
Doanh nghiệp liên quan: PNJ
Ngày phát hành: 23/04/2021

- PNJ posted VND7,182bn (+43.6% yoy) and VND512bn(+25.6% yoy) in 1Q21 revenue and NP, respectively. - PNJ announced a plan for a private placement of 6.6% of outstanding shares to fund for network expansion and digital transformation. - Downgrade to HOLD as VNDS think the earnings recovery has been almost priced in.