[BUY/TP: 113,700] Riding on a big wave
26/04/2021

Summary

Initiate coverage with BUY call and Target price of VND113,700

Viettel Post, one of the largest last-mile delivery company in Vietnam and our top pick in transportation sector, given that: 1) the robust e-commerce growth lifts demand for parcel delivery; 2) archiving economy via leveraging technology and network efficiency; and 3) taking advantage of mother company’s supporting. Via employing DCF valuation method, we initiate the BUY rating and target price of VND113,700 (a potential upside of + 40.4% from the current price of VND81,000).

Company
VTP-Viettel Post
Category
Initiation
Author
Lam Do
Details

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