VCB – A good start to the year – Update
- VCB reported 1Q19 pre-tax profit of VND5.8tr (+34.9% yoy); this account for 29% our full-year forecast.
- Targets 9.5% pretax profit growth in FY19, relatively in line with our forecast.
- Maintain Add, with unchanged TP of VND73,800.
|
Market Price
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Target Price
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Dividend Yield
|
Rating
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Sector
|
|
VND66,900
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VND73,800
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1.2%
|
ADD
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BANKS
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