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.
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
VND21,000
|
VND27,000
|
0%
|
ADD
|
BANKS
|
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