We keep our target price nearly unchanged and maintain a BUY rating as we are optimistic about PLX’s robust 2021F earnings recovery and the long-term growth outlook for petroleum consumption in Vietnam (projected at 5.5% p.a., ~3x the global growth rate, per BMI Research). We raise 2021F earnings by 6% as increased oil prices helped H1 2021 NPAT to complete 66% of our previous 2021 forecast. We keep 2022-2025F earnings nearly unchanged.