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VCB – AGM 2020: Key takeaways – AGM NOTE
Company Note 26/06/2020 482
- VCB expects 6M20 pretax profit to be on par with 6M19, forming 42.7% of our FY20F forecast.
- NPL ratio was contained at 0.8% in 5M20 amid the Covid-19 outbreak.
- We downgrade VCB from Add to Hold as share price is approaching our TP.
|
Market Price |
Target Price |
Dividend Yield |
Rating |
Sector |
|
VND83,300 |
VND86,200 |
0.96% |
HOLD |
BANKS |
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