NT2 [OUTPERFORM +14.2%] - Expect weak EPS in 2021, strong rebound in 2022 - Update
  • 2021-02-22T18:58:46
  • Company Research
We lower our target price by 6% to VND24,700/share due to a downward revision in our 2021F/2022F earnings forecasts and downgrade our rating from BUY to OUTPERFORM. We also switch to a 100% DCF valuation vs a mixed DCF/PER/EV/EBITDA valuation as previously.