We reiterate our BUY rating for DIG while lowering our target price by 3% to VND38,000/share mainly due to a lower cash balance as of end-2020. For full-year 2020, DIG achieved NPAT-MI of VND631bn (USD27mn; +49% YoY) — in line with our expectation primarily thanks to gains from divesting a 14-ha land plot on Dai Phuoc Island in Dong Nai Province (located ~50 km from central HCMC and surrounded by busy industrial parks) in Q4.