Analyst Pin-board: MBB – 2020 AGM updates
MBB is likely to undergo a pressure as the plan of restructuring bank loans and MCredit coincides with the Covid-19 situation, which hurts the consolidated bank’s near-term outlook. We think that in 2020 MBB would maintain a low (even negative) earnings growth to prioritize the handling of its current restructuring progress and virus-impacted loans, while trying to build a better position for higher growth since 2021 onwards.
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