NLG [BUY +48.6%] - Upbeat 2019 on locked-up property and stake sales - Update
  • 04 Dec 2018
  • Company Research
We reiterate a BUY rating on NLG. Our target price is unchanged at VND43,000/share as an upward revision of our ASP assumption for Akari City and the exclusion of a 40 million share issuance plan offset a lower net cash balance forecast. We cut our 2018 N