We maintain our OUTPERFORM rating for ACV and raise our target price (TP) by 6.5% to VND86,800/share. Our higher TP is mainly driven by raising our NPAT-MI forecasts for ACV by 7.1% in aggregate for 2023-2026F and partially offset by our respective 7.2% and 5.1% cuts in our NPAT-MI forecasts for 2021F and 2022F.