HDB [OUTPERFORM + 10.9%] - Strong NII growth to outweigh pressure on credit costs - Update
  • 28 Aug 2024
  • Company Research
- We increase our target price (TP) by 4% to VND29,000/share, but downgrade our rating for HDB from BUY to OUTPERFORM as the share price has increased 17% in the last three months. Our higher TP is mainly due to a 4% increase in our aggregate 2024-2028F N