Published Date: 18/10/2024
- ICT-CE consumption has bottomed out in 2023 and may recover better from 2H24 supported by the AI trend. The office equipment sector has gained new growth momentum in the personal protective equipment (PPE) from Achison.
- Total revenue may rise 19%/19%/19.3% yoy, combined with good OPEX control, net profit may jump 27%/28%/24% yoy in 2024F-26F.
- We downgrade to HOLD with the target price of VND49,200/share as the upside is limited.
