ACV [MARKET PERFORM +6.5%] - Looking to 2019 raises questions on runway issues - Update
  • 13 Nov 2018
  • Company Research
We maintain our MARKET PERFORM rating while raising our target price (TP) 1.9% to VND86,300, resulting in a projected TSR of 6.5%. While rolling-over our DCF increases our TP, this has been mostly offset by our revised 2019F international passenger (pax)