BID [BUY +23.8%] - Potential turnaround offers attractive risk/reward profile - Update
  • 2017-08-31T16:05:26
  • Company Research
We reiterate our BUY rating with a TP of VND25,000 (no change), offering a total return of +23.8% as it is poised to be a leading beneficiary of the new NPL draft regulations. We believe that BID is potentially the most attractive turnaround story in the Vietnamese banking sector (subject to execution risks).