Analyst Pin-board: BID – Update on 2019 Business Performance and 2020 AGM
The bank has set a moderate earnings growth target of 16.4% in 2020, with the plan to finish its restructuring within this year as well as investing more resources on core banking and digital projects. We hold our positive view on BID’s outlook in medium term based on a stronger capital adequacy coupled with the clearance of legacy bad debts and the support from strategic partner. We forecast NPAT CAGR to reach 30% in 2020 – 2022 and ROE to approach 20% in the next three years.
Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.
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