VRE [BUY +40.8%] - Retail leasing recovery to continue in 2023 - Update
  • 17 Feb 2023
  • Company Research
We reiterate our BUY rating for VRE with a target price of VND40,000/share. Our 7% higher target price compared to our last Update Report is mainly due to our higher 2023F gross margin for the retail leasing segment, higher revenue recognition and gross m