STB [BUY +21.3%] - To complete restructuring in 2024F - Update
  • 28 Feb 2024
  • Company Research
- We maintain our target price (TP) for STB at VND38,100/share and maintain a BUY rating. Our TP is unchanged because (1) the positive impact on our residual income valuation from a 1.7% aggregate increase in our 2024-2028F projected NPAT (-9.8%/+13.6%/+5