- 2023-05-18T00:00:00
- Company Research
- We reiterate our BUY rating for VRE and increase our target price by 1.3% to VND40,500/share. Our higher target price is mainly due to (1) the positive impact of rolling our target price horizon to mid-2024F and (2) our higher 2023-2027F gross margin forecast for the retail leasing segment as a result of cost optimization following Q1 2023 results, which offset (3) our more conservative projection for new mall launches in 2024F. |
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