We increase our target price (TP) by 4.4% mainly due to 6.6%/3.6%/3.1%/4.5%/4.0% upward projections in our earnings for 2019-2023. However, we downgrade our rating to MARKET PERFORM as the stock price has appreciated by 14.5% in the last three months. Our earnings forecast increase for 2019 is largely due to a 13.5% upward revision in profits from investment securities and our increase for 2020-2023 is related to 100 bps lower revisions in CIR.