TCB – Sharp fall in share price suggests an entry point – Initiation
- TCB’s ecosystem banking model gives it a competitive advantage over other banks in Vietnam, in our opinion.
- We expect its strong individual loan growth and rising CASA ratio to improve FY19-21F NIM.
- We forecast a solid net profit CAGR of 16.7% over FY19-21F.
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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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VND20,900
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VND27,400
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0.00%
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ADD
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BANKS
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