Research Center
Quay lại

VPB - Impressive performance metrics continue - Earnings Flash

VPB released results for FY2017 with bottom line at VND6.4 trillion (USD284 million, +64% Y-o-Y, 11% higher than management guidance but in line with our forecasts). The results indicate upside to our current target price as the improvements came from its strong core businesses: Net interest income (NII) increased 36% Y-o-Y and contributed 82% to TOI due to strong loan growth and NIM expansion.