VIB – Stellar 1H20 performance despite the pandemic – Update
- VIB’s 2Q20 net interest income and non-interest income surged 24.1% yoy and 56.7% yoy, respectively, driving 2Q20 net profit up 26.8% yoy.
- 1H20 net profit grew 29.5% yoy to VND1,885bn, forming 53.5% of our FY20F forecast.
Reiterate ADD with higher TP of VND26,300 on the imminent migration to HOSE.
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
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VND22,000
|
VND26,300
|
0%
|
ADD
|
FINANCIALS
|
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