TLG [OUTPERFORM +19.8%] - Sales rebound, flat EBIT margin to drive 2022 profit growth - Update
  • 2022-02-09T00:00:00
  • Company Research

We maintain our OUTPERFORM rating for TLG and raise our target price by 5% to VND49,500/share. Our increased target price is driven by 1) a 10% upward revision in 2022-2026F aggregate NPAT-MI as we expect TLG building a product portfolio with higher margins to support profit growth in the long run and 2) a higher net cash balance at end-2021. 


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