MBB [MARKET PERFORM +8.9%] - Stable deposit cost to support 2021 NIM expansion - Update
  • 24 Feb 2021
  • Company Research
We raise our target price (TP) by 29% but downgrade our rating to MARKET PERFORM from OUTPERFORM as MBB’s share price has increased ~41% over the last three months. We increase our TP as we (1) increase our aggregate net income forecast for 2021-2025 by 2