VCB – AGM 2020: Key takeaways – AGM NOTE
- 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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