VRE [BUY +59.7%] - New wave of COVID-19 cases halts shopping mall business - Update
  • 2020-04-06T18:43:07
  • Company Research
We cut our target price by 20% to VND33,300 as we revise down our 2020F NPAT-MI forecast by 17% and increase our assumed cap rates by one percentage point across VRE’s mall types. However, we maintain our BUY rating as VRE’s share price has declined 27% over the last month.