KBC – Additional costs dented 4Q20 earnings – Earnings Flash
- KBC posted VND176bn in 4Q20 NP (-57.8% yoy). Consequently, FY20 NP plunged 77.5% yoy to VND206bn, making up only 34% of our forecasts.
- Unlocked residential projects namely Trang Cat, Phuc Ninh and Trang Due will boost earnings growth from FY21F onwards.
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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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VND39,250
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VND29,600
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1.27%
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N/A
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PROPERTY
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