Tóm tắt:
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Investment viewpoint. TCM has rather stable operation in 2015 when mainly focusing on building and operating the new plant, resulted in little changes in revenue and net profit. In long-term, its possession of a close-end production line with increasing capacity is expected to create revenue and profit breakthrough since 2016. However, in short-term, TCM share price is no longer supported much by fundamental elements. Moreover, TCM share price has soared stiffly after its heavy decline in May 2015. Therefore, BVSC rate NEUTRAL on TCM at the target price of VND36,400.
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