SSI [M-PF -0%] - Valuation is one facet; outsized tail risk is another - Update
  • 12 Apr 2017
  • Company Research
We reiterate our MARKETPERFORM rating on SSI (Saigon Securities Incorporation) and raise our TP to VND23,000 (from VND21,030). Valuation is the key driver behind the rating. FVTPL (fair value through P&L) securities mask underlying performance: We forecas