QNS [OUTPERFORM +17.6%] - Earnings to decline in 2024 on weaker sugar profitability - Update
  • 29 Dec 2023
  • Company Research
- We raise our target price (TP) by 18% to VND51,500 per share and upgrade our rating to OUTPERFORM from MARKET PERFORM. - Our higher TP is mainly driven by increases in our NPAT-MI forecasts for 2023F/24F/25F of 24%/11%/-1%, respectively, following stron