We raise our target price 1% and maintain our BUY rating for PC1. We see PC1 as a compelling play on Vietnam’s move into renewable energy due to the company’s three major wind power projects that are poised to come online in late 2021. We raise our target price as we model in additional real estate revenue post-2022F in accordance with PC1’s guidance for real estate to be a recurring business going forward, which is partly offset by lower earnings from the power-related construction segment a