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Published Date: 21/11/2024

  • BID’s NP in 9M24 reached VND17,333bn (+12.0% yoy), fulfilling 69% our full-forecast.
  • We expect NPL ratio to improve in 2025, reaching 1.3% thanks to a warming economy and a recovery in business activities
  • Reiterate to Hold with lower TP of 51,800VND/share.
BID - Equity Report - HOLD (Update Nov2024)
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