MBB released solid consolidated results for H1 2019 with a bottom line totalling VND3.9tn (USD169mn, +29.3% YoY), which achieved 52% our FY2019 forecast. Annualized H1 2019 ROA and ROE stood at 2.1% and 23.5%, respectively. We do not any anticipate material changes to our earnings forecasts or target price.