STB - Provision cool-down in Q4 helps boost earnings growth - Earnings Flash
  • 21 Jan 2019
  • Company Research
STB released consolidated results for FY2018 with the bottom line totalling VND1.8tn (USD78mn, +52% YoY), surpassing 21% our 2018 forecast, mainly due to (1) lower provision expenses (86% of our forecast) and (2) a VND627bn (USD27mn) surge in net other in