VEA [BUY +26.4%] - Mid-teen dividend yield, vehicle sales to recover in 2024 - Update
  • 23 Feb 2024
  • Company Research
- We maintain our BUY rating as we like VEA’s broad exposure to Vietnam’s extensive motorbike (2W) market, the long-term growth of the country’s automobile (4W) consumption, along with its robust dividend yields. - We cut our target price by 5% as we lowe