BSR [BUY +21.9%] - Stronger profitability for BSR’s upgrade & expansion project - Update
  • 07 Jun 2024
  • Company Research
- We raise our target price (TP) for BSR by 41% to VND27,700/share and upgrade our rating from MARKET PERFORM to BUY. Our higher TP is mainly due to (1) our 28% higher aggregate 2024-2028F NPAT-MI forecast (-10%/+7%/+57%/+95%/+46% in 2024/25/26/27/28F, re