VHM [BUY +28.5%] - New batch of mega projects to fuel medium term growth - Update
  • 2021-11-26T00:00:00
  • Company Research

We reiterate our BUY rating for VHM as we continue to believe the company is well-positioned to ride on Vietnam’s residential property growth story over the long run thanks to its market-leading position, large land bank and unique mixed-use developments. We raise our RNAV-based target price by 3% to VND107,000/share mainly due to rolling over our target price horizon to end-2022.


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