We maintain a BUY rating while trimming our target price by 0.4% as we lower our 2020-2024F earnings by ~5% on average due to a delay of some projects; this is offset by the positive impact of rolling out target price to end-2020F. In addition, we raise our 2019F and 2020F cash dividend by 42.9% to VND1,000/share following a stronger-than-expected net cash position in Q3 2019 with a net gearing of negative 78%.