CTD [SELL -31.8%] - High financial income to support 2023F earnings; valuation running ahead of fundamental progress - Update Report

• 02 Jun 2023
• Company Research

- We downgrade CTD to SELL from MARKET PERFORM despite maintaining our target price at VND43,400/share as the company’s share price has rallied 33% over the last two months and has increased 95% YTD. We believe the strong performance of this stock was dri