• Vietinbank’s net income in the first quarter of 2024 stood at 4.96 trillion dong, marking a 3.3% year-on-year increase from 4.8 trillion dong in the same period of the previous year.
• The bank’s total assets hit 2,077 trillion dong at the end of March 2024, compared to 2,032 trillion dong at the end of December the previous year.
• The investment outlook on the bank is mostly positive with seven ‘buys’, one ‘hold’ and zero ‘sells’.
• All comparisons mentioned are based on values reported by the company’s original disclosures.
A look at Vietnam Joint Stock Commercial Bank For Industry and Trade Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts studying the long-term outlook for Vietnam Joint Stock Commercial Bank For Industry and Trade have noted a mixed assessment based on Smartkarma Smart Scores. With a solid Growth score of 4 and strong Momentum score of 5, the bank appears to be well-positioned for future expansion and market performance. However, its Value score of 3 suggests room for improvement in terms of its current valuation. The company’s Resilience score of 2 indicates a moderate level of stability, while its Dividend score of 1 may be a concern for investors seeking income from their investments. Overall, the bank’s scores show promise in growth and momentum, but investors may want to assess its value and dividend potential carefully.
As a leading player in the banking sector, Vietnam Joint Stock Commercial Bank For Industry and Trade offers a range of services including deposit-taking, commercial banking, corporate and consumer loans, insurance, securities brokerage, lease financing, money transfer, and credit cards. While the bank shows strong potential for growth and momentum according to Smartkarma Smart Scores, aspects such as value and dividend performance may require closer scrutiny. Investors looking for exposure to Vietnam’s banking industry may find the bank’s growth and momentum scores appealing, but should conduct thorough research to assess its overall investment suitability.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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