SCS [BUY +27.1%] - Attractive valuation even assuming no expansion to LTA

- We reiterate our BUY rating but trim our target price (TP) by 1.1% to VND163,700/share, implying a projected total stock return (TSR) of 28.4%, inclusive of a 6.7% dividend yield. - Our lower TP mainly reflects an extension in our DCF-based valuation to