External broker reports(aggregated public sources), Vietcap

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>We raise our target price (TP) for VCB by 4.0% to VND 114,500/share and maintain a BUY rating. </li><li>Our higher TP is mainly due to the positive impact from rolling our TP horizon forward to end-2025.</li><li>This is partly offset by a 10.9% aggregate decrease in our 2024-2028F NPAT-MI (with respective changes of -6.6%/-14.1%/-14.4%/-10.7%/-8.8% in 2024/25/26/27/28F).</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We raise our target price (TP) for VCB by 4.0% to VND 114,500/share and maintain a BUY rating. Our higher TP is mainly due to the positive impact from rolling our TP horizon forward to end-2025.This is partly offset by a 10.9% aggregate decrease in our 2024-2028F NPAT-MI (with respective changes of -6.6%/-14.1%/-14.4%/-10.7%/-8.8% in 2024/25/26/27/28F).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

VCB [買い +22.7%] - 回復への道 - アップデート

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VCB [買い +22.7%] - 回復への道 - アップデート