Earnings Report /
Vietnam

Asia Commercial Bank: Focal points from 2020 preliminary results

  • ACB recently announced its 2020 consolidated earnings, which are slightly higher than our expectations

  • In 2020, ACB's profit before tax reached VND9,596bn (US$417mn), exceeding 25.7% of the initial annual plan

  • We expect to maintain our long-term view and investment rationales (Accumulate, TP: VND33,300)

Thanh Nguyen
Rong Viet
26 January 2021
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