- We cut our target price (TP) for BSR by 4% to VND19,600/share and downgrade our rating from OUTPERFORM to MARKET PERFORM. Our lower TP is mainly due to our 4.3% lower aggregate 2024-2028F NPAT-MI forecast (-8.0%/-7.5%/0%/0%/0% in 2024/25/27/28F, respect