BID [M-PF +2.2%] - Profit growth will improve but constrained by capital shortfall - Update
  • 31 Mar 2017
  • Company Research
We issue a MARKET PERFORM rating for BID and raise TP to VND18,140 due to 19 and 28 bps increases in NIM forecasts for 2017 and 2018, respectively, vs previous forecasts, as the push for deposits will be less aggressive. NPAT growth will improve to 10.4%