We maintain our BUY rating and raise our target price (TP) 4.4% to VND156,900. We raise our TP as we increase our EBITDAR estimate for 2019 by 11.7% as we include VND1.8tn of amortization for long-term maintenance prepayment. This is partially offset by our decreased 2019F Core NPAT which is 15.8% lower than our previous forecast, mainly due to a one-off event in mid-June 2019 and higher-than-estimated costs for new international routes.