VIC [BUY +24.9%] - Strong property sales outlook; EV sales to ramp up - Update
  • 25 Aug 2023
  • Company Research
- We reiterate our BUY rating for VIC and increase our target price by 4.2% to VND79,300/share mainly due to our 6% higher valuation for the property sales segment. - We lower our 2023F EBIT forecast by 7% to VND1.1tn (USD47mn), primarily driven by a high