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TCM – Update – 20190222

Company Note 22/02/2019    179

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  • We expect this to be a muted year for TCM with EAT to decrease by 1.8% yoy. This is due to the Sears bankruptcy which will continue to negatively impact the bottomline while a possible reduction of Eddie Bauer’s orders might reduce topline growth.

Market Price

Target Price

Dividend Yield

Rating

Sector

VND29,550

VND32,300

1.55%

HOLD

TEXTILES

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