26 Mar 2020
Cenkos: Vianet Group Plc -- Forecasts withdrawn
The prospective 2020E results will show good growth and cash generation but the last few weeks of the fiscal period were negatively impacted by COVID-19 pub closures. This limited access for new installations and technology upgrades in March and we anticipate these conditions will continue into the new fiscal period. We withdraw our forecasts and place our recommendation under review until macroeconomic conditions stabilise.
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Cenkos: Vianet Group Plc -- Forecasts withdrawn
Vianet Group plc (VNET:LON) | 101 0 0.0% | Mkt Cap: 29.7m
- Published:
26 Mar 2020 -
Author:
Cavendish Research -
Pages:
5
The prospective 2020E results will show good growth and cash generation but the last few weeks of the fiscal period were negatively impacted by COVID-19 pub closures. This limited access for new installations and technology upgrades in March and we anticipate these conditions will continue into the new fiscal period. We withdraw our forecasts and place our recommendation under review until macroeconomic conditions stabilise.