HT1 - OUTPERFORM - Target price raised on better-than-expected sales volume and weak EUR - Update
  • 21 Jan 2015
  • Company Research
We raise our TP to VND22,300 following an upward revision to 2015 EPS forecast by 18%. As we raise our sales volume forecast for 2015 to nearly 5.3mn tonnes due to better-than-expected 2014 volume figures. We also lowered interest exp and forex loss assum