MBB – Earnings Flash – 20181024
- MBB sustained strong growth momentum with 3Q18 pretax profit rising 47.9% yoy and 14.4% qoq.
- 9M18 pretax profit reached VND6,015bn, up 50.3% yoy, fulfilling 88% of the bank’s full-year target and was in line at 78% of our full-year projection.
- Our Add rating and target price of VND33,400 are intact.
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
VND34,700
|
VND38,600
|
1.73%
|
ADD
|
FINANCIALS
|
Please follow this link for the full report
You Might Be Interested
Company Note
4
1Q24 pre-tax profit (PBT) soared 53% YoY to VND943bn (USD37mn). Thus, ROAE increased 1.4% YoY pts to 4.3%. 1Q24 TOI and net profit completed 24%/26% of our full-year forecasts, respectively. We see no pressure on our target price of VND36,500.…
Company Note
102
MWG plans for FY24 revenue and net profit of VND125tn/VND2.4tn, respectively, increases of 6% yoy and 14 times compared to FY23. According to management, BHX will begin to record profit in 1Q24 and targets to reach net profit of VND1tn-VND2tn…
Company Note
69
We maintain our Hold rating with 11.9% upside and a 0.0% dividend yield. We increase our TP by 11.0% while the stock price has increased 5.6% since our last report. The main drivers of our recommendation are the decline in…