MSN - BUY - Beverages is the holy grail - Update
  • 2014-09-17T00:00:00
  • Company Research
Pockets of investor disenchantment at MSN centre on its complexity. Reaching steady state at Nui Phao will quieten this discord but achieving a breakthrough in beverages will re-rate this stock. We take pains to explore these two issues. Meanwhile, we revised our target price by -7% to VND102,000 mostly as selling expenses in consumers are exceeding our previous expectation.