STB released consolidated results for FY2018 with the bottom line totalling VND1.8tn (USD78mn, +52% YoY), surpassing 21% our 2018 forecast, mainly due to (1) lower provision expenses (86% of our forecast) and (2) a VND627bn (USD27mn) surge in net other income in Q4. There is no note for the other income category in the unaudited financial statement, but we expect the surge was mainly due to a recovery of written-off debt.