VTP [BUY +25.6%] - Rapid growth despite temporary demand slowdown - Update
  • 10 Aug 2020
  • Company Research
We maintain our BUY rating as we like VTP’s ability to ride on Vietnam’s booming e-commerce.We trim our target price (TP) by 4% as we cut aggregate 2020F-2022F NPAT-MI by 7% due to softer consumer spending amid the current resurgence of COVID-19 in Vietna