Silver Point

Thomas J. Monaco

Silver Point is a boutique research firm that focuses on the broader financial services sector, with a particular focus on troubled institutions globally. 

Asia Ex Japan

Equity Bottom-Up

* Fully-loaded problem loan figures are a major concern, as is the size of  Level 3 asset and net open short F/X position. Loan loss reserves need a significant shoring up, and there is no doubt, in our view, that some form of major re-capitalization/balance sheet restructure at Asia Commercial Bank (ACB.VN) is on its way.* Not only does Standard Chartered plc (2888.HK/STAN.LN) push the aggressive accounting envelope with its consolidated subsidiaries, but it does so with minority- owned…

* Fully-loaded problem loan figures are a major concern, as is the size of  Level 3 asset and net open short F/X position. Loan loss reserves need a significant shoring up, and there is no doubt, in our view, that some form of major re-capitalization/balance sheet restructure at Asia Commercial Bank (ACB.VN) is on its way.* Not only does Standard Chartered plc (2888.HK/STAN.LN) push the aggressive accounting envelope with its consolidated subsidiaries, but it does so with minority- owned…

Research and consultancy, Tabbush Report

Daniel Tabbush

Research and consultancy

Tabbush Report

We provide research and consultancy on Asian banks. Our focus is on what we call “Asian bank research, without the noise.” We are interested in the most critical swing-factors for banks, the NPL and credit cycle, and where we believe there is a gap between perception and reality. We often focus on the less studied components of bank financial statements.  Our research is highly thematic, sometimes examining unlisted banks and companies as a window on mainstream banks. 

Being independent allows us to look at smaller banks, often overlooked by others. Analysis of BIS bank guidelines in the context of Asia, is also a focal point, while we also analyze global banks operating in the region. We use what we believe is the most comprehensive, reliable financials database, SNL Financial. S&P Capital IQ augments our database, with corporate data and CEIC, with economics. 

Asian bank research, without the noise.

We are convinced that the last insight people want is about Brexit. We turn our attention to Vietnam’s banks, which are showing the best NPL ratio decline in all of Asia-Pacific over the past few years. This is likely to last, and the typical favorites in South East Asia may soon give way to those in Saigon, or Hanoi.  There is no better place to start than with Military Commercial Joint Stock Bank ("<a href="http://www.mbbank.com.vn/" target="_blank">MBB</a>") and its trends in credit costs.Military Commercial Joint Stock Bank (MBB) – Credit…

We are convinced that the last insight people want is about Brexit. We turn our attention to Vietnam’s banks, which are showing the best NPL ratio decline in all of Asia-Pacific over the past few years. This is likely to last, and the typical favorites in South East Asia may soon give way to those in Saigon, or Hanoi.  There is no better place to start than with Military Commercial Joint Stock Bank ("MBB") and its trends in credit costs.Military Commercial Joint Stock Bank (MBB) – Credit…

Vietnam Far From UK, with Meagre NPL Growth

Vietnam

MBBank is a Vietnamese commercial joint stock bank that offers a comprehensive range of financial products and services, including deposits, credit, cards, money transfers, and digital banking solutions for individual and corporate customers. It also operates in investments, interbank operations, and asset management through its segments and subsidiaries in securities, insurance, and fund management. The bank was founded on November 4, 1994, and is headquartered in Hanoi, Vietnam.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

MBBank (MBB VN)

Asia Commercial Bank – Too Much Credit

* Fully-loaded problem loan figures are a major concern, as is the size of Level 3 asset and net open short F/X position. Loan loss reserves need...

Thomas J. Monaco

Vietnam Far From UK, with Meagre NPL Growth

We are convinced that the last insight people want is about Brexit. We turn our attention to Vietnam’s banks, which are showing the best NPL ratio...

Daniel Tabbush

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)