VEA [BUY +27.0%] - Earnings to fall in 2023 on slumping vehicle sales - Update
  • 11 May 2023
  • Company Research
- We maintain our BUY rating for VEA as we continue to like the company’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 dividend yields. - We cut our target price