ACB [BUY +26.3%] - Steady growth driven by SME, household business lending - Update
  • 20 Feb 2024
  • Company Research
- We raise our target price (TP) for ACB by 7.6% to VND33,800/share and maintain a BUY rating. - Our higher TP is mainly due to (1) a 7.1% increase in our aggregate 2024-2028F NPAT forecast (+0.2%/+2.8%/+8.8%/+9.1%/+12.0% for 2024/25/26/27/28F, respective