- We cut our target price (TP) by 7.3% to VND36,800/share and downgrade our rating from BUY to OUTPERFORM. Our lower TP is due to an 8.6% cut in our aggregate 2025-2029F NPAT-MI forecast (respective changes of -38.7%/-19.8%/-2.6%/+2.0%/+5.9% for 2025/26/2