We believe Vianet has sufficient cash resource to see it through into a post COVID-19 vaccine world. The new lockdown measures may impact profitability and cash flow in H2 but probably not worse than that seen in the interim results. While our forecasts remain withdrawn, the balance sheet shows demonstrable strength which should encourage investors and we reinstate our recommendation at Buy.
08 Dec 2020
Cenkos: Vianet Group Plc -- Strong runway to recovery
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Cenkos: Vianet Group Plc -- Strong runway to recovery
Vianet Group plc (VNET:LON) | 108 5.4 4.8% | Mkt Cap: 31.9m
- Published:
08 Dec 2020 -
Author:
Cavendish Research -
Pages:
6
We believe Vianet has sufficient cash resource to see it through into a post COVID-19 vaccine world. The new lockdown measures may impact profitability and cash flow in H2 but probably not worse than that seen in the interim results. While our forecasts remain withdrawn, the balance sheet shows demonstrable strength which should encourage investors and we reinstate our recommendation at Buy.