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MBB – AGM Note – 20180330

Company Note 30/03/2018    146

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2018 Annual General Shareholders Meeting Key Takeaways – Aiming higher
At its AGM held on 29 Mar 2018, MBB’s management outlined an ambitious plan to achieve 47% yoy growth in its FY18 consolidated pretax profit, which will be driven by improvement across all business lines. The bank, itself plans for pre-tax profit to reach VND6,500bn rising by 21% yoy, while other subsidiaries (MB Ageas Life, MCredit) have a pre-tax earnings target of around VND300bn(from a negative result last year).

Market Price

Target Price

Dividend Yield

Rating

Sector

VND34,700

VND38,600

1.73%

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