KDH [BUY +20.5%] - New project launches to drive 2024F profit growth - Update
  • 21 Aug 2023
  • Company Research
- We maintain our BUY rating for KDH and raise our target price by 11% to VND40,900/share. Our higher target price is mainly due to (1) factoring in cash inflows from Keppel Corporation acquiring 49% stakes from KDH in two adjacent residential projects in