PVT [BUY +28.6%] - Significant fleet expansion to drive 2024 earnings and beyond - Update
  • 03 Nov 2023
  • Company Research
- We raise our target price (TP) for PVT by 11% to VND30,300/share and upgrade our rating from OUTPERFORM to BUY. Our higher TP reflects (1) a 6% increase in our aggregate 2023-2027F NPAT-MI (4%/9%/4%/6%/8% in 2023/24/25/26/27F), and (2) the positive impa