BVSC uses the DCF and P/E multiples method, with a 50:50 weight. We recommended a target price of VND 35,295/share for STK stocks. With a closing price on 5/3/2024 of VND 29,100/share, the upside potential is therefore +21.3%, and the recommendation is OUTPERFORM. We believe that the impact of exchange rates and interest on loans may dampen short-term results. Yet, with brands showing recovery in orders, STK's output and margins could rise over time. The company has quality products, meets ESG standards, and has proactively expanded capacity to anticipate the greening trend in the Textile industry. Therefore, STK could be a noteworthy stock in the coming time.

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