We raise our DCF-based target price (TP) by 34% to VND81,500/share but maintain our OUTPERFORM rating as ACV’s share price has surged 30% over the last three months. Our higher TP is mainly driven by a 24% increase in our NPAT-MI forecasts over 2026-2035F in aggregate as we incorporate projected take-off and landing (T-O/L) fee collection from Long Thanh International Airport (LTA) into our forecasts. The above positive effect is partially offset by a cut in our NPAT-MI forecasts of 9.8%