Company Report

Signs strategic agreement with Apple

10% fall in 2020E guidance; Mcredit role increasing

Earnings up double digits in May

Flat 2020E guidance; higher credit costs

Sales up double digits after five months

May exports show early signs of recovery

Headwinds ahead

Earnings performance to May up 16%

Outlook still overly optimistic despite lower guidance

Seeks approval for 25% in fresh Tier 1 capital