TCB [BUY +36.9%] - Long-Term Winner; Upgrade to BUY Post-Stock Pullback
We upgrade our rating to BUY from OUTPERFORM and raise our target price (TP) by 9.8% to VND44,800/share as TCB’s share price has fallen by 9.7%...
159 Views
TCB [OUTPERFORM +10.7%] - Ecosystem Strategies to Drive Sustainable Growth - Update
We downgrade our rating to OUTPERFORM from BUY but raise our target price (TP) by 16.6% to VND40,800/share as TCB’s share price has rallied by...
157 Views
Banking Sector - 3Q25 Update and Outlook - Task on Track
Total system credit rose 13.4% YTD by end-9M25 (10M25: +15.09%), up 3.5%p QoQ (1Q25: +3.9%p; 2Q25: +6.0%p), nearing the SBV’s full-year guidance of...
181 Views
Banking Sector - 2Q25 Update and Outlook - Dual Mandate
Vietnam’s banking sector remained on a concrete footing in 2Q25, continuing the momentum established in 1Q25. Credit growth reached 9.9% YTD in...
198 Views
Stock recommendations (Vietnam Market)_April 2025
Despite a moderate 15.2% YoY increase in total assets to VND978tr, TCB maintained strong expansion in core profit-generating assets, with credit...
271 Views