VI
EN
JA
ZH
MBB – Covid-19 taking a toll on FY20F earnings growth – Update
Company Note 26/03/2020 633
- 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 |
Target Price |
Dividend Yield |
Rating |
Sector |
|
VND15,650 |
VND26,200 |
3.83% |
ADD |
BANKS |
Please follow this link for the full report
You Might Be Interested
04/05
Year 2026
PVD – Strong start for a promising year – [In line] – Earnings Flash
Company Note 188
1Q26 net profit (NP) surged 100% YoY to VND306bn (USD11.6mn), driven by growth in all core-business segments. 1Q26 NP was in line with our expectations at 20.4% of our full-year forecast. We see some upward pressure on our target price…
04/05
Year 2026
OIL – Earnings soar on higher petrol prices – [Beat] – Earnings Flash
Company Note 204
1Q26 net profit (NP) surged 18.5x YoY to VND516bn (USD20mn) from a low 1Q25 base due to the upward trend of petrol prices in the quarter. 1Q26 NP beat our expectations at 81% of our full-year forecast. We see some…
29/04
Year 2026
HDG – Provision expenses drag on earnings despite solid revenue growth – [Missed] – Earnings Flash
Company Note 200
1Q26 net profit (NP) dropped 67.8% YoY to VND50bn (USD1.9mn), mainly due to a sharp increase in SG&A expenses, which was driven by provision expenses related to the Infra 1 solar plant. 1Q26 NP was significantly below our expectation at…
