KBC [OUTPERFORM +18.7%] - Brighter prospects thanks to stronger IP land sales - Update
  • 15 May 2018
  • Company Research
We reiterate our OUTPERFORM rating for KBC and leave our target price broadly flat at VND15,100, implying a total stock return of 18.7% inclusive of a 7.4% dividend yield. While we have revised our 2018F assumption for Que Vo IP land sales upward given st