VCB [BUY +23.0%] - Best-in-class bank at attractive valuation - Update
  • 24 Feb 2025
  • Company Research
- We maintain our BUY rating and our target price (TP) of VND114,500/share. - We decrease our aggregate 2025-2029F earnings forecast by 4.8% with respective cuts of 2.6%/4.6%/9.4%/6.1%/1.5% for 2025/26/27/28/29F, primarily due to (1) a 4.4% cut in our agg