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DAS initiate coverage on Century Synthetic Fiber (STK) with an Outperform rating and a target price of VND26,861/sh,whichimpliesan upsidepotential of 49.2% from the initial IPO bidding price of VND18,000/sh. STK is currently one of the only two high quality polyester filament yarn manufacturers in Vietnam. STK’s products meet international standards required by knitting and weaving companies who would then supply their fabric products to the world well-known apparel brandnames like Nike, Adidas, Uniqlo, Puma, Reebok,…
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