We raise our target price (TP) by 9.5% to VND31,600/share and reiterate a BUY rating for ACB as a result of rolling our valuation date forward to YE2020 coupled with an average 1.7% increase in our NPAT forecasts for 2020F-2024F.Our increases in earnings projections are mostly due to a 3.7% average drop in our assumptions of provision expenses during the explicit forecast period.