[BWE/BUY/TP: 62,300] - Steady growth
17/06/2022

Summary

Binh Duong Water - Environment JSC (HoSE: BWE) is one of the leading enterprises in the water and environment industry in Vietnam. BWE has a sustainable business model with steady growth and a promising development strategy. We initiate coverage of BIWASE with a BUY rating and a target price of VND 63,200, representing a potential upside of 23.4%. Our target price is based on the P/E and DCF valuation methodologies, with weights of 50% and 50%. We expect the net profit of BWE to continue to grow at a rate of 10% during the periods of 2022–2026 thanks to stable growth in both demand and unit price

Company
BWE-Binh Duong Water Environment JSC
Category
Initiation
Author
Nhut Nguyen
Details

Page: 27

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