- We maintain our target price (TP) for TPB at VND31,300/share as well as our BUY rating. - We decrease our projection for aggregate 2023-2027F NPAT by 0.4% (2023/24/25/26/27F +6.2%/+11.8%/-3.3%/-2.3%/-5.7%, respectively), which is offset by the positive