Viet Capital Securities Joint Stock Company

Luan Nguyen

Independent Insight Provider

Equity Bottom-Up

<div class="content-highlight"><p>We recommend investors accumulate shares of PHR over the next three to six months due to its leading position in the natural rubber manufacturing segment, which has benefitted from a recovering of natural rubber prices. The liquidation of rubber trees also contributes to favorable FY16 earning growth. At 7.5x P/E ratio, we consider PHR is not priced as the best performing company in the natural rubber manufacturing segment.</p></div><h2><strong>PHR is the leading company in the natural rubber manufacturing segment.</strong></h2><p>…</p>

We recommend investors accumulate shares of PHR over the next three to six months due to its leading position in the natural rubber manufacturing segment, which has benefitted from a recovering of natural rubber prices. The liquidation of rubber trees also contributes to favorable FY16 earning growth. At 7.5x P/E ratio, we consider PHR is not priced as the best performing company in the natural rubber manufacturing segment.PHR is the leading company in the natural rubber manufacturing segment.…

Phuoc Hoa Rubber - Strong Profit Growth Thanks to Recovering Rubber Prices

Phuoc Hoa Rubber Jsc

Phuoc Hoa Rubber - Strong Profit Growth Thanks to Recovering Rubber Prices