MBB – Solid asset quality to sail through headwinds – Earnings Flash
- 2Q20 net profit grew 18% yoy to VND2,263bn on subdued provisioning.
- 1H20 net profit rose a modest 5% yoy to VND3,975bn, making up 46% of our full-year forecast.
- Reiterate Add with an unchanged TP of VND26,200.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND15,850
|
VND26,200
|
0%
|
ADD
|
BANKS
|
Please follow this link for the full report
You Might Be Interested
Company Note
3
GMD reported 1Q22 net profit (NP) of VND274bn (+86.1% yoy), in line at 27.2% of our full-year forecast. We expect NP to increase at CAGR of 23.0% in FY22-26F thanks to new investment plans to ride on Vietnam’s vibrant seaport…
Company Note
6
1Q22 net profit (NP) rose 11.8% yoy to VND152.5bn thanks to the contribution of newly-acquired tankers, fulfilling only 18.2% our forecast. We expect PVT to keep rejuvenating its fleet in 2022, becoming the key driver for PVT to attain a…
Company Note
13
1Q22 revenue and net profit grew robustly of VND10,143bn (+46.6% yoy) and NP of VND721bn(+40.5% yoy), fulfilling 44.6% of our FY22F forecast. We expect net profit to accelerate 60.5%/24.1% yoy in FY22/23F. Reiterate ADD with TP of VND131,100. Market Price…
VI
EN
JA
ZH
