We reiterate our BUY rating on TLG while raising our target price by 2% to VND67,600/share as we roll-over our model and also apply a higher target P/E multiple of 15.9x from 15.3x previously.We trim our 2019F NPAT-MI forecast by 4% to VND335bn (USD14.6mn, +14% YoY) as office supplies and merchandise trading revenue growth in 9M 2019 was slightly lower than our expectation. Nevertheless, we expect the delayed orders in Q3 2019 will be realized in Q4 2019