MBB [MARKET PERFORM +2.6%] - Credit growth to accelerate on number of new initiatives - Update
  • 07 Jun 2021
  • Company Research
We raise our target price (TP) by 39% to VND 40,800/share but maintain our MARKET PERFORM rating as MBB’s share price has increased ~47% over the last three months. Our TP implies a 2021F P/B of 1.72x.We increase our TP as we (1) raise our aggregate net i