Research Center
Quay lại

LSS - BUY - Lam Son’s sugar rush - Update

Though we reduce our target price from VND31,700 to VND28,200 per share to account for worse-than-expected cost increases and greater capex visibility, our valuation suggests a 45% upside from current price. We upgrade our recommendation from ADD to BUY as we feel the stock has been unfairly punished along with the rest of the VNIndex despite its resilient EPS growth potential next year.