We trim our target price by 4.4% to VND28,900/share and maintain a MARKET PERFORM rating mainly due to 9.6%/10.6%/7.5% lower attributable earnings forecasts for 2020/21/22. Our forecast for 2019 earnings is roughly maintained; however, 2020/21/22 earnings cuts are due to our decreased assumptions in other incomes of 14.0%/14.3%/13.8%, which are partly offset by 6.0%/5.7%/3.7% lower revisions for provision expenses.