VEA [BUY +20.4%] - Earnings to rebound in 2024 on car and 2W demand recovery - Update
  • 14 Aug 2023
  • Company Research
- We increase our target price (TP) for VEA by 4% and maintain our BUY rating. We remain positive about VEA’s large exposure to Vietnam’s extensive motorbike (2W) market, the long-term growth of the country’s auto (4W) consumption, and VEA’s robust divide