STB - Focus on boosting restructuring process - AGM Note

Company Research

20 Apr 2018

STB’s AGM on April 20, 2018 briefly discussed its 2017 performance and 2018 guidance, answered shareholder questions and announced two new Board Members. 2018 guidance on total assets is VND431tn (USD19bn, +16.9% Y-o-Y), customer loans is VND253tn (USD11bn, +13.3% Y-o-Y), equity is VND24.1tn (USD1.1bn, no capital injection) and PBT is VND1.84tn (USD81mn, +23.2% Y-o-Y). With this guidance, ROAA and ROAE are at 0.4% and 6.2%, respectively.
Tags: STB

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