FPT [BUY +42.1%] - Growth to shift gears in the remaining months of the year - Update
  • 07 Sep 2016
  • Company Research
We reiterate our BUY on FPT while increasing our TP by 12% to VND60,500 driven by the rollover of our DCF period and a 120 bps reduction in our cost of equity. The Distribution and Domestic IT segments dragged on 7M 2016 results, but we expect growth to p