SSI [OUTPERFORM +19.7%] - AUM growth outpaces market turnover - Update
  • 14 Dec 2018
  • Company Research
We reduce our TP by 2.4% to VND35,400 and maintain our rating at O-PF with a projected TSR of 19.7% mainly due to the application of a lower market turnover assumption. We upgrade/downgrade our 2018/2019 earnings forecast by 3.8%/-1.7% as we raise our ear