MBB [BUY +42.9%] - Attractive valuation despite short-term turbulence - Update
  • 20 Feb 2023
  • Company Research
- We decrease our target price (TP) for MBB by 1.1% to VND27,000/share but maintain our BUY rating. - Our lower TP is mainly due to increasing our cost of equity from 15.6% to 15.75% as a result of raising our beta, which outweighs (3) a 3.5% aggregate in