GAS [BUY +39.0%] - El Nino Conditions to Fuel 2027 Volume, NPAT Growth
Our lower TP is mainly due to (1) a 13% lower DCF valuation following our 6% lower aggregate 2026-30F NPAT-MI projection and raising WACC to 14.4%...
94 Views
PC1 [OUTPERFORM +11.0%] - Corporate Governance Risk Eases, Strong Long-Term Earnings
The lower TP reflects a 29% aggregate cut to our 2026–30F NPAT-MI forecasts, outweighing the positive impact of rolling our TP to mid-2027.
116 Views
GVR [MARKET PERFORM +9.4%] - Land Compensation, Resilient Rubber ASPs to Support Earnings
We raise our target price for GVR by 5% to VND32,100/share but downgrade our rating for the stock to MARKET PERFORM from OUTPERFORM.
126 Views
DGC [OUTPERFORM +18.5%] - Mine Suspension Hits Margins, Regulatory Overhang Persists
We cut our target price (TP) by 43% and downgrade our rating to OUTPERFORM from BUY as DGC’s share price has declined 35% over the past three months.
117 Views
SIP [BUY +31.9%] - Recurring Income, Improving IP Land Sales to Sustain Earnings
We maintain our BUY rating for SIP while cutting our target price (TP) 16% to VND58,900/share.Our lower TP reflects higher capex assumptions...
122 Views