In today’s briefing:
- K Bank: The First Internet-Only Bank In Korea
- Vietnam International Commercial Joint Stock Bank (VIB VN – Buy) – Update report – Undervalued
K Bank: The First Internet-Only Bank In Korea
- K Bank is the first Internet-only bank in Korea. K Bank is the second largest Internet bank in Korea after KakaoBank (323410 KS).
- K Bank had revenues of 282.1 billion won (up 263.6% YoY) and operating profit of 24.5 billion won (turned black YoY) in 2021.
- The recent declines in major cryptocurrencies are likely to have a negative impact on K Bank which could delay its IPO until 2023.
Vietnam International Commercial Joint Stock Bank (VIB VN – Buy) – Update report – Undervalued
Vietnam International Commercial Joint Stock Bank (HOSE: VIB)
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