Stock Recommendations (Vietnam Market)_March 2025
Despite a moderate 15.2% YoY expansion in total assets to VND978tr, TCB demonstrated robust growth in core profit-generating assets, including...
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TCB [BUY +21.8%] - Expecting Weak Q4 2024, yet Earnings Outlook on Track - Update
Our higher TP is mainly due to (1) the positive impact of rolling our TP horizon forward to end-2025F and (2) a decrease in our assumption for...
321 Views
Banking Sector - 9M24 Update and Outlook - Letting the Recovery Simmer
Credit growth in 3Q24 remained steady: According to the State Bank of Vietnam (SBV), credit growth reached approximately 9% YTD as of end-3Q24,...
234 Views
Vietnam Technological and Commercial JSB - An Amicable Split
In 9M24, Vietnam Technological and Commercial JSB (TCB) experienced notable asset growth, with total assets increasing by 9.1% YTD to VND927.1tr...
241 Views
Q3 2024 Banking Earnings Wrap-Up - Resilient Earnings Growth Despite NIM Contraction
Though QoQ credit growth slowed down in Q3 2024, 9M system-wide credit growth of 9% was encouraging. Banks under our coverage reported higher...
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