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VPB – Looking better into FY20F – Update

Company Note 30/12/2019    223

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  • Asset quality improved in 9M19 thanks to risk management control and lending restructuring policies.
  • Maintain Add with a higher TP of VND25,800.

Market Price

Target Price

Dividend Yield

Rating

Sector

VND19,800

VND25,800

0%

ADD

BANKS

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