TLG [BUY +24.8%] - 2022F sales & EBIT margin rebound give attractive valuation - Update
  • 2022-05-16T00:00:00
  • Company Research

We upgrade our rating for TLG to BUY from OUTPEROFRM while nudging up our target price by 2% to VND50,300/share. Our increased target price is mostly driven by a 2% increase in our 2022F NPAT-MI as we lower our 2022F SG&A expense assumption and roll over our target price horizon to mid-2023.


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