BMP [BUY +24.2%] - Focused on building long-term advantages - Update
  • 13 Nov 2019
  • Company Research
We reiterate our BUY rating on BMP and raise our target price by 3% to VND62,300/share as we roll-over our DCF model to the 2020-2024F period and also apply a higher target P/E multiple of 12.5x from 12.0x previously. We keep our 2019F NPAT-MI broadly unc