NT2 [BUY +37.4%] – Benefiting from widening price-to-input cost spread – Update 2016-01-28T00:00:00 Company Research We revise down our target price for NT2 nominally by 2% to VND34,000 due to a higher risk premium despite 3.8% earnings raise for 2016 and reiterate our BUY rating. Low gas prices will drive NPAT growth for 2016 in spite of floor in input gas price.