Research Center
Quay lại

PET - From distributor to service provider - AGM Note

Although it initially boosted sales and profitability, PET’s profit margin has been under pressure since Q2-2013 (we downgraded the company to “underperform” with a revised target price of VND19,000 last February). Since 4Q2013, the contract was changed to a service contract and details provided were less than we would have liked (details below).