LHG [BUY +57.9%] - Attractive valuation; expecting profit drop in 2022F - Update
  • 31 Aug 2022
  • Company Research
- We maintain our BUY rating and our target price (TP) of VND61,900/share for LHG. - Our unchanged TP is driven by LHG’s higher net cash balance as of end-Q2 2022 vs end-Q1 2022, which is offset by our 0.5-ppt higher risk free rate assumption and our exte