TLG [BUY +25.3%] - Strong sales in Q2 put earnings growth back on track - Update
  • 13 Aug 2019
  • Company Research
We reiterate our BUY rating on TLG while raising our target price by 2% to VND73,200 as we increase our 2019 NPAT-MI forecast by 3% but apply a lower target P/E multiple, based on the six-month average of the regional peer LTM P/E multiple median. We main