BVSC uses valuation methods including FCFF, FCFE, P/E, and P/B multiples. Based on these valuation approaches, we set a target price of VND 69,350/share for VHC stock. The closing price of VHC on March 10, 2026 was VND 57,000/share, implying a potential upside of +21.7%. Therefore, we issue an OUTPERFORM recommendation for VHC at this target price.

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Please find the attached file below.