ACV [MARKET PERFORM -3.6%] - COVID-19 resurgence clouds short-term recovery outlook

- We downgrade our rating for ACV to MARKET PERFORM from OUTPERFORM and trim our target price (TP) by 1.5% to VND74,500/share. ACV’s share price surged 15% over the last three months despite the escalation of COVID-19 that has significantly affected Vietn