DXS [BUY +43.9%] - Strong balance sheet, digitalization to support growth

- We maintain our BUY rating for DXS while cutting our target price by 7% to VND41,000/share, which is mainly due to a 15% downward revision of 2021F NPAT-MI forecast and 2% lower aggregate 2022-2025F NPAT-MI forecasts. Powered by Froala Editor