From January 19, 2024, the Research Center will be moved to Vietcap IQ
toggle icon
logo text
logo symbol
toggle icon
Back

TCB [BUY +65.9%] - 2018 outlook remains intact, reiterate BUY - Update

Company Research

30 Jul 2018

We reiterate our BUY rating for TCB, offering a return of 67.8%. A unique ecosystem with a conservative balance sheet growth strategy and a strong capital buffer should deliver sustainable growth. We maintain our loan growth at 20% Y-o-Y as loan disbursement is set to accelerate in H2 2018. Strong deposit growth derived from transactions is expected to lift up the CASA ratio, fulfilling our 2018 NIM forecasts.
Tags: TCB

Contact us for a research access: (+84) 2 8888 2 6868

/trung-tam-phan-tich