Company Insight

Vietnam National Petroleum Joint Stock Company (PLX) is a pioneer in Vietnam‘s petroleum distribution sector. We joined the AGM of PLX and pointed out some of the key notes, plans of the company. Based on DCF methods, we update PLX’s target price at VND 45,100. We believe a strong rebound of PLX’s profit in 2023, which is supported by the stability of oil supply and the abnormal profit from PGB divestment. Besides, we expect PLX will benefit from the revision of petroleum decree in the near future.