QTP [BUY +25.5%] - Higher fixed component, low-cost advantage boost earnings - Update
  • 16 May 2024
  • Company Research
- We raise our target price (TP) for QTP by 19% to VND19,400/share, and upgrade our rating to BUY from OUTPERFORM. Our higher TP reflects (1) our 15.9% higher aggregate 2024-28F reported NPAT-MI forecasts (1.6%/+28.1%/+14.6%/+16.4%/+16.6% in 2024/25/26/27