DXG [OUTPERFORM +17.6%] - Handover ramp-up and brokerage recovery in 2021F - Update
  • 11 Nov 2020
  • Company Research
We lift our target price by 7% to VND15,000/share mainly due to (1) factoring in the two additional projects in Binh Duong Province — Opal Skyline and Opal Cityview — and (2) our lower WACC due to a lower cost of equity assumption (details on page 9). We