ACV [MARKET PERFORM +7.2%] - Strong international traffic recovery, softer near-term domestic pax outlook - Update
  • 12 Nov 2024
  • Company Research
- We increase our target price (TP) for ACV by 18% but reiterate our MARKET PERFORM rating as ACV’s share price has increased by 11% in the last three months. - We adjust our valuation approach from a 100% DCF method to a blend of DCF (70% weight) and EV/