External broker reports(aggregated public sources), Vietcap

Vietcap

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>We maintain our OUTPERFORM rating for TLG despite raising our target price (TP) by 10%. TLG’s share price has increased 20% in the last five months.</li><li>Our higher TP is driven by higher projected NPAT-MI in 2024F/25F/26F by 6%/4%/4%, respectively, due to a higher projected GPM.</li><li>Additionally, we roll our TP horizon to mid-2025.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We maintain our OUTPERFORM rating for TLG despite raising our target price (TP) by 10%. TLG’s share price has increased 20% in the last five months.Our higher TP is driven by higher projected NPAT-MI in 2024F/25F/26F by 6%/4%/4%, respectively, due to a higher projected GPM.Additionally, we roll our TP horizon to mid-2025.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Tlg - Robust Export Sales, Gradual Domestic Recovery

Thien Long Group

Tlg - Robust Export Sales, Gradual Domestic Recovery