We reiterate a BUY rating for LPB and lift our target price (TP) by 9.7% to VND17,000/share. Our higher target price is mainly driven by an 8.4% aggregate increase in our 2020-2024F NPAT, a decrease in our discount rate from 14.2% to 13.0% and the positive effect of rolling over our TP to end-2021.