PC1 [MARKET PERFORM -0.3%] - Nomura IP, nickel sales to drive 2023 earnings growth - Update
  • 12 May 2023
  • Company Research
- We cut our target price for PC1 by 2% to VND29,400/share and downgrade our rating from OUTPERFORM to MARKET PERFORM. Our lower target price is due to an 11% cut in our aggregate 2023-2027F NPAT-MI (29%/17%/30% cuts for 2023/24/25F and 2%/9% increases fo