VJC [OUTPERFORM +16.7%] - Growth continues amid pressure on passenger yield - Update
  • 29 Nov 2019
  • Company Research
We raise our target price (TP) by 2.4% to VND160,700; however, we lower our rating from BUY to OUTPERFORM as the stock price has increased 9.2% over the past three months. Our higher TP is mainly driven by rolling-over our valuation model to end-2020. Thi