MBB – Covid-19 taking a toll on FY20F earnings growth – Update
- Strong profit growth in FY19 but asset quality could come under pressure.
- Covid-19 would depress FY20F earnings; recovery likely in FY21F.
- Reiterate Add on recent share price weakness; TP reduced to VND26,200.
|
Market Price
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Target Price
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Dividend Yield
|
Rating
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Sector
|
|
VND15,650
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VND26,200
|
3.83%
|
ADD
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BANKS
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