MBB – Starting the year with a strong quarter – Update
- 1Q19 net profit rose 24.8% yoy, and beating our expectation at 28% of our full-year forecast due to strong loan growth and bancassurance income.
- MBB plans to increase its chartered capital by nearly 20% in FY19.
- We increase our target price to VND34,000, maintain Add.
|
Market Price
|
Target Price
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Dividend Yield
|
Rating
|
Sector
|
|
VND21,300
|
VND34,000
|
2.82%
|
ADD
|
BANKS
|
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