{"id":59943,"date":"2020-05-06T10:25:02","date_gmt":"2020-05-06T03:25:02","guid":{"rendered":"https:\/\/yuanta.com.vn\/?post_type=phan-tich&#038;p=59943"},"modified":"2020-06-05T14:46:53","modified_gmt":"2020-06-05T07:46:53","slug":"nvl-positive-signals-emerge-in-1q-results-call","status":"publish","type":"phan-tich","link":"https:\/\/yuanta-uat.ysvn.com.vn\/en\/analysis\/nvl-positive-signals-emerge-in-1q-results-call","title":{"rendered":"NVL: Positive signals emerge in 1Q results call"},"content":{"rendered":"<h1>Positive signals emerge in 1Q results call<\/h1>\n<p><strong>NVL held its 1Q20 results call <\/strong>yesterday afternoon.<\/p>\n<h2>Key takeaways<\/h2>\n<ul>\n<li>Financial income averted a net loss.<\/li>\n<li>Management guides for stable liquidity throughout 2020-21<\/li>\n<li>Cash flow analysis for 2020<\/li>\n<li>Maintain stable business operation<\/li>\n<li>Earnings outlook.<\/li>\n<li>Positive changes in administrative hurdles.<\/li>\n<\/ul>\n<p><strong>Our view:<\/strong> We see some new and encouraging signs for Novaland \u2018s business operations after attending the call. We believe that the company is well-positioned to ensure stable liquidity throughout 2020-21E. The profit potential of their huge and well-positioned landbank (both from development and potential divestment) could become a catalyst for the shares. However, a rerating may require further positive developments, which will take time. Thus we consider NVL appropriate for long-term investors and we reiterate our Hold-Outperform rating on the stock.<\/p>\n<p>For the complete report, please access here: <a href=\"http:\/\/yuanta-uat.ysvn.com.vn\/wp-content\/uploads\/2020\/05\/NVL-New-positive-signals-in-business-operation-2.pdf\">NVL &#8212; New positive signals in business operation<\/a><\/p>\n<p><strong>Analyst: Tam Nguyen,<a href=\"tam.nguyen@yuanta.com.vn\">\u00a0<\/a><\/strong><a href=\"mailto:tam.nguyen@yuanta.com.vn\">tam.nguyen@yuanta.com.vn<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Positive signals emerge in 1Q results call NVL held its 1Q20 results call yesterday afternoon. Key takeaways Financial income averted a net loss. Management guides for stable liquidity throughout 2020-21 Cash flow analysis for 2020 Maintain stable business operation Earnings outlook. Positive changes in administrative hurdles. Our view: We see some new and encouraging signs&#8230;<\/p>\n","protected":false},"author":10,"featured_media":0,"template":"","class_list":["post-59943","phan-tich","type-phan-tich","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.3 (Yoast SEO v23.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NVL: Positive signals emerge in 1Q results call | Yuanta Vietnam<\/title>\n<meta name=\"description\" content=\"Positive signals emerge in 1Q results call NVL held its 1Q20 results call yesterday afternoon. 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