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CTG - Strong QoQ recovery for 1Q17, FY17 guidance too conservative - AGM Note

Company Research

18 Apr 2017

CTG’s AGM on April 17, 2017 briefly discussed 2016 performance and 2017 guidance, answered shareholder questions and announced a new Board Member. Q1 2017 total assets grew VND986.5 trillion (USD44 billion, +25% YoY) and PBT was VND2.5 trillion (USD111 million, +4% YoY, 25% QoQ). Gross customer loan in 2016 was VND661.9 trillion (USD 29 billion, +23% YoY) and credit exposure was VND721.8 trillion (USD32 billion, +18% YoY). The 2017 guidance on total assets is VND1,086 trillion

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