We maintain our BUY rating on PTB, which is premised on its extensive stone mine portfolio, positive prospects of its new quartz business and long-term growth of Vietnam's wooden furniture export industry as well as domestic car consumption. We raise our target price (TP) by 17% as we roll it over to YE2021, factor in a 1.2-ppt decrease in our house cost of equity to 13.0% and lift our aggregate 2020F-2023F NPAT-MI by 2% thanks to wood revenue, which is partly offset by projected lower capacity