- We increase our target price (TP) for MBB by 9.6% to VND28,500/share and maintain our BUY rating. Our higher TP is primarily due to increasing our aggregate earnings forecast for 2024-2028F by 15.0% (respective changes of 4%/12%/17%/23%/25% in 2024/25/26/27/28F). 

- We increase our 2024F NPAT by 2.2% to VND24.8tn (USD1.0bn; +17.7% YoY) due to (1) a 1.2% increase in TOI that is partly offset by (2) a 1.6% increase in provision expenses.

Powered by Froala Editor