MBB – Solid asset quality to sail through headwinds – Earnings Flash
- 2Q20 net profit grew 18% yoy to VND2,263bn on subdued provisioning.
- 1H20 net profit rose a modest 5% yoy to VND3,975bn, making up 46% of our full-year forecast.
- Reiterate Add with an unchanged TP of VND26,200.
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
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VND15,850
|
VND26,200
|
0%
|
ADD
|
BANKS
|
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