Research Center
Quay lại

HT1 [O-PF +19.2%] - HT1 stuck in third gear until capacity expansion in 2019 - Update

We revise down our target price for HT1 by 12.4% and revise our rating to an O-PF recommendation. HT1 had impressive H1 2016 cement sales volume due to the continued strength of the property market, infrastructure projects and HT1’s strong brand name; however, the lack of a capacity expansion plan until early 2019 will likely prevent HT1 from maintaining its robust growth.