VCSC Daily - Stocks plunge at the close amid heavy trading - HPG, POW
HPG: 2018 guidance looks conservative; dividend plans for FY2017 and FY2018 announced. HPG released its 2018 guidance, targeting revenue growth of 19% and flat NPAT vs 2017. We note HPG traditionally sets conservative targets and in 2017, the company beat its target by 30%. We are forecasting 33% and 17% growth for revenue and NPAT, respectively. HPG also announced a 40% share dividend for FY2017, which will be paid in Q2 and Q3 2018, and a 30% share dividend for FY2018.