TPB [MARKET PERFORM +4.2%] - Lower provisions to support robust 2022F NPAT growth - Update 01 Dec 2021 Company Research We increase our target price (TP) for TPB by 15.8% to VND47,000/share but downgrade our rating from OUTPERFORM to MARKET PERFORM as the bank’s share price has increased by 39.7% over the past three months. Powered by Froala Editor