KDH [BUY +29.1%] - JV project with Keppel to drive 2025F presales and earnings - Update
  • 19 Nov 2024
  • Company Research
- We maintain our BUY rating for KDH and increase our target price (TP) by 2% to VND42,100/share. Our higher TP is mainly due to rolling our TP forward to end-2025 from mid-2025, which is partially offset by a slower sales projection for the Le Minh Xuan