HDB released results for 9M 2018 with a consolidated bottom line of VND2.1tn (USD89.7mn, +47.6% Y-o-Y, 81.3% our current FY2018 forecast) and annualized ROAA and ROAE at 1.2% and 16.7%, respectively. HD Saison contributed 12.0% to consolidated earnings in 9M 2018 from 38% during FY 2017.