Research Centre
Free access to research reports covering macro economy, market, sectors or individual stocks |
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| Title |
CTG - Vietnam JSB for Industry and Trade |
| Source |
| HSC |
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| Type |
Full Report |
| Business |
Vietnam Joint Stock Commercial Bank For Industry and Trade |
| Ticker |
CTG |
| File Detail |
| Date: 16/06/2010 |
Page: 23 |
File Type |
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| Description |
We forecast the bank’s FY2010 consolidated net proft will come to VND2,499 billion, with forward PB and PE at 1.83xs and 14.24xs respectively at the current price. Based on this forward outlook we think that the stock is currently being traded at an undeserved premium to the sector’s average multiples and we reduce our rating to an UNDERPERFORM rating for the stock. |
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| Recommend |
N/A |
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