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VCSC Daily - Blue chips weigh markets down

MBB AGM notes and 1Q2012 results – MBB’s AGM was held this morning in Hanoi. Some targets for FY 2012 – Total assets increase by 26% at VND175,500bn. Loans to customers grow by 17% as capped for Tier-1 banks, reaching VND72,284bn. Customers deposit increase by 21%, equivalent to VND108,199bn. NPL targeted at less than 1.9%. MBB targets net profit before tax of VND3,680bn, up 40% YoY.