MBB – Strong in all facets – Update
- 4Q20 net profit grew 3.2% yoy to VND1,931bn as loan to customers accelerated 19% yoy in 4Q20, driven by individual and SME lending.
- MBB posted FY20 net profit of VND8,263bn (+5.6% yoy), in line with our expectations at 96% of our FY20 forecast.
- We maintain our Add call with a higher TP of VND35,900
|
Market Price
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Target Price
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Dividend Yield
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Rating
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Sector
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VND24,000
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VND35,900
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0%
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ADD
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FINANCIALS
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