NT2 [BUY +37.7%] - Headwinds in Q2-Q3 2021 discounted - Update
  • 2021-05-31T18:31:31
  • Company Research
We raise our target price by 3% to VND24,800/share due to the positive impact of a 50-bp reduction in our house cost of equity assumption and rolling over our TP horizon to mid-2022. We upgrade our rating for NT2 from OUTPERFORM to BUY as its share price has plunged 14% over the past three months. We view NT2 as a good dividend play.