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Tóm tắt:
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Recommendation: Since our last report, KDC has gone up 11% from VND32,000 to VND35,600 per share. SBSC did recommend to buy around VND30,000 (KDC even went down to VND24,000 at some point), thus the least gain could have been 18.7%. SBSC revised our 12M target price down to VND37,300/share, which is 4.8% higher than the current price. Therefore, SBSC changed our previous recommendation from BUY to NEUTRAL. KDC plans to make its first 2011 dividend payment of VND1,200/share by 12 April 2012 with ex-right date set for 8 March 2012.
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