MBB – AGM Note – 20180330
Company Note 30/03/2018 290
2018 Annual General Shareholders Meeting Key Takeaways – Aiming higher
At its AGM held on 29 Mar 2018, MBB’s management outlined an ambitious plan to achieve 47% yoy growth in its FY18 consolidated pretax profit, which will be driven by improvement across all business lines. The bank, itself plans for pre-tax profit to reach VND6,500bn rising by 21% yoy, while other subsidiaries (MB Ageas Life, MCredit) have a pre-tax earnings target of around VND300bn(from a negative result last year).
Market Price |
Target Price |
Dividend Yield |
Rating |
Sector |
VND34,700 |
VND38,600 |
1.73% |
ADD |
FINANCIALS |
Please follow this link for the full report