[BUY/TP:113,700] Turnaround in eyesight
14/05/2021

Summary

Maintain BUY rating with target price of VND113,700

We maintain our BUY rating for Viettel Post JSC (VTP VN) and target price of VND113,700 (a potential upside of + 35.4% from the current price of VND84,000), as our full-year earnings forecast largely unchanged. The improving 1Q21delivery volume is mostly reflected in the recent increase of +3.7% in share price from our update report on April 26th ‘Riding on a big wave’. However, the long-term growth turnaround seems unlikely to be fully priced in, we expect, thus, the current share price still provides a good entry point.

Company
VTP-Viettel Post
Category
Update
Author
Lam Do
Details

Page: 5

Lauguage: English

File format: pdf

Size: 545.12 KB