VCB – Well-positioned to navigate short-term headwinds – Update
- Resilient performance in FY19, but Covid-19 creates headwinds in FY20F.
- VCB’s share price fell below its sustainable valuation on gloomy sentiments.
- We upgrade VCB to Add on price weakness, but TP is cut to VND86,200.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND67,100
|
VND86,200
|
1.19%
|
ADD
|
BANKS
|
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