VIC [OUTPERFORM +11.6%] - Robust property segment, accelerated EV sales - Update

• 12 Mar 2024
• Company Research

- We reiterate our OUTPERFORM rating for VIC with an unchanged target price of VND49,500/share. - For 2024F, we forecast VIC’s PBT of VND11.3tn (USD464mn; -18% YoY), mainly driven by strong property sales and resilient retail leasing segments, plus the Ch