TCB [BUY +33.0%] - Interest income likely to reassert its dominance in 2020F - Update
  • 22 Aug 2019
  • Company Research
We keep our target price unchanged and maintain a BUY rating as we roll over our valuation date to mid-2020 and also trim our 2020/21 net income forecasts by 0.8%/2.6%. Our 2020/21 net income forecasts slightly decrease as we revise down our 2019F net fee