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Tóm tắt:
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PHS upgraded PVS’s target price to VND 18,600, up by 18% comparing to current market price. The premium is primarily attributed to the adjustment of PHS's forecast in company’s margin. From Mar to May, PVS share price has dropped by over 15% due to the selling pressure originating from the position adjustment of Market Vectors ETF Trust, which sold 3.6 mil shares or 5.4% of total shares outstanding. After 1Q earning result was released, the stock rose by 30%. Given PHS's revised outlook on company’s long-term margin prospect, PHS believe that current share price is still undervalued and decided to rate PVS an overweight rating.
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