VEA [BUY +25.3%] - COVID-19 resurgence to curb motorcycle sales recovery - Update
  • 27 May 2021
  • Company Research
We reiterate BUY on VEA as the company provides strong exposure to Vietnam’s extensive motorbike (2W) market and the long-term growth potential of Vietnam’s auto (4W) consumption. We increase our target price (TP) by 1% mainly due to a rollover to mid-202