We maintain our OUTPERFORM rating and raise target price (TP) 7.0% to VND72,300 while the stock price has increase by 9.3% in the last three months. We raise our TP as we revise up our NPAT-MI forecast for 2019/2020/2021 by 3.1%/14.0%/14.4%, mainly driven by higher growth of the airport retail business.