MBB – Encouraging 3Q20 results – Earnings Flash
- MBB posted VND2.357bn in 3Q20 net profit, +8.3% yoy and +4.2% qoq.
- Net profit rose 6.4% yoy to VND6,332bn in 9M20 driven by modest growth in all segments, in line at 73.3% of our full-year forecast.
- We reiterate our Add call with an unchanged TP of VND22,900.
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Market Price
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Target Price
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Dividend Yield
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Rating
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Sector
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VND17,850
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VND22,900
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0%
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ADD
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BANKS
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