VHM [BUY +77.4%] - Solid presales outlook; attractive valuation - Update
  • 29 Aug 2022
  • Company Research
We reiterate our BUY rating for VHM while maintaining our RNAV-based target price at VND107,000/share as a higher net cash balance as of end-Q2 2022 is offset by our 0.5-ppt higher risk-free rate assumption. We continue to believe the company is well posi