Update TCB – BUY September 18, 2020
VIETNAM TECHNOLOGICAL AND COMMERCIAL BANK (TCB)
We expect TCB's profit growth will slow down in 2021 due to pressure to make provisions for restructured loans. We maintain a BUY recommendation with an one-year target price of VND 26,194 per share, equivalent to an expected return of 23.0%.
Welcome to ACBS,
Thank you for your interest in the ACBS Client exclusive newsletter, please do not edit the subject and send this email to request the full ACBS newsletter. ACBS will respond to you within 30 minutes of receiving your request.
For any questions, please contact your Securities Trading Account Manager at ACBS or Online Customer Service Call Center 1900555533 for further assistance.
- Update GAS Hold, 27st Jan 2021 (PDF) - 27-01-2021
- Update PNJ Hold, 26st Jan 2021 (PDF) - 26-01-2021
- Update VHC Hold, 26st Jan 2021 (PDF) - 26-01-2021
- Update VCB Hold, 22st Jan 2021 (PDF) - 22-01-2021
- NVL Update- HOLD December 8, 2020 (PDF) - 08-12-2020
- MWG Update- BUY December 8, 2020 (PDF) - 08-12-2020
- Update NLG Buy November 9th, 2020 (PDF) - 09-11-2020
- PNJ Update- HOLD November 6, 2020 (PDF) - 09-11-2020
- IMP Initial Coverage-BUY October 23, 2020 (PDF) - 23-10-2020
- Update SCS Buy Oct 23, 2020 (PDF) - 22-10-2020
- PC1 INITIATION - HOLD, SEP 22nd, 2020 (PDF) - 22-09-2020