ACV – We raise our target price by 34.5% and re-rate to ADD.

March 23, 2018

■ FY17 revenue reached VND13,894bn (+29.5% yoy) and net profit after tax reached VND4,204bn (+47.2% yoy)
■ A further 33.3% hike in domestic passenger handling rates this year

ACV_Update_20180322

ACV – We raise our target price by 34.5% and re-rate to ADD.

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