- 2022-03-02T00:00:00
- Company Research
We reiterate BUY and keep our target price (TP) unchanged as we like VEA’s large exposure to Vietnam’s extensive motorbike (2W) market and the long-term growth of Vietnam’s auto (4W) consumption along with robust dividend yields. We nudge up our aggregate 2022F-2024F NPAT-MI forecast by 1% mainly due to lower provision expenses for VEA’s own truck inventory. |
Powered by Froala Editor