[HOLD/TP: 68,500] - Growth expectation from new factory
05/04/2022

Summary

We suppose that the yarn market will maintain positive growth in 2022 thanks to: 1) the trend of shifting production from China and the recovery of demand after the COVID-19 epidemic, assuming the social distancing scenario will not happen in 2022; 2) supply from China is interrupted due to the Government's zero-covid policy; 3) benefit from the anti-dumping tax policy under Decision No. 2302/QD-BCT. On that basis, we forecast that STK's business results in 2022 will continue to be positive with the estimated revenue and net profit of VND 2,678 billion (+31.1% YoY) and VND 336 billion (+18% YoY), respectively.

Company
STK-Century Synthetic Fiber
Category
Flashnote
Author
Hung Le
Details

Page: 2

Lauguage:

File format: pdf

Size: 788.29 KB