VI
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JA
ZH
ACB – The comeback of a major retail banking player – Initiation
Company Note 01/07/2019 780
- ACB’s rich retail banking expertise is a valuable asset in Vietnam’s ongoing retail banking race.
- Large write-offs for bad assets in FY17 suggest big write-backs in FY18-21F.
- We forecast a moderate net profit CAGR of 15.6% in FY19-21F.
|
Market Price |
Target Price |
Dividend Yield |
Rating |
Sector |
|
VND28,900 |
VND39,500 |
3.39% |
ADD |
BANKS |
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