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TCB – AGM 2020: Key takeaways – AGM NOTE

Company Note 23/06/2020    185

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  • Techcombank (TCB) is targeting FY20F PBT of VND13,000bn, +1.3% yoy.
  • It successfully secured a US$500m medium-term syndicated loan in 2Q20F, with a low interest rate of 1.5% USD LIBOR.
  • Reiterate Add with a TP of VND27,400/share.

Market Price

Target Price

Dividend Yield

Rating

Sector

VND20,750

VND27,400

0%

ADD

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