MBB-Set for solid growth in FY21-23F- Update
- We forecast an EPS CAGR of 16.3% over FY20-22F on the back of NIM expansion and strong loan growth.
- We reiterate our Add rating with a higher target price of VND27,000 as we roll forward our P/BV valuation to FY21F and lower cost of equity assumptions.
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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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VND21,000
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VND27,000
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0%
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ADD
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BANKS
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