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.
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Market Price
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Target Price
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Dividend Yield
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Rating
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Sector
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VND83,300
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VND86,200
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0.96%
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HOLD
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BANKS
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