NT2 [BUY +43.3%] - Looking forward to a solid recovery in 2019 - Update
  • 24 Oct 2018
  • Company Research
We maintain a BUY rating but lower our target price by 7.4% due to a higher WACC as well as lower our 2018 recurring earnings forecast given a higher gas price assumption. We project 2018 recurring NPAT of VND781bn (USD33.5mn, -25.8% YoY) due to a gas sho