PVS [OUTPERFORM +13.6%] - Stronger M&C segment to boost 2024F NPAT - Update
  • 20 Oct 2023
  • Company Research
- We increase our target price (TP) for PVS by 6.4% to VND43,500/share but downgrade our rating from BUY to OUTPERFORM. Our increased TP is due to our 1% higher aggregate 2023-2027F reported NPAT-MI (respective changes of -4%/+4%/+1% for 2023/2024/2025) a