CTG – Update – Deserve higher P/B target
Posted:24/03/2025
- Slowed down provisioning and stronger growth of Non-II in 2025F accelerated earnings growth.
- Although provision expenses is not likely to increase much in 2025F/2026F, asset quality is expected to improve thanks to accelerating bad debt collection.
- We recommend ADD for CTG with new target price of 52,100 VND/share driven by adjusting up P/B target to 1.5x thanks to positive outlook in the next 2 years.
Relevant reports
Don't have an MBS account?
Open an accountStart trading and stay informed with timely updates and valuable reports from MBS.
If you have an MBS account, please register to receive reports from MBS.
Get the latest market updates and corporate insights from MBS.