- VPBank’s 1Q pretax profit has surged, reaching 4.2 trillion dong compared to last year’s 2.5 trillion dong. This signifies a whopping increase of 68% year-on-year.
- The bank revealed a 2.1% growth in credit in the first quarter, which is nearly 22% higher on a year-on-year basis.
- Despite these exceptional performances, VPBank reassures stakeholders that it is keeping in line with both its quarterly and annual profit plans.
- VPBank’s stance towards potential risks is considered promising by market-watchers, with 7 buying recommendations, 5 holds, and 0 sells.
- All these results and comparisons are based on officially reported values by the company from its primary disclosures.
A look at Vietnam Prosperity Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
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
“`html
Analysts are optimistic about the long-term outlook for Vietnam Prosperity Bank, based on the Smartkarma Smart Scores. With a balanced profile across Value, Dividend, Growth, and Momentum, the bank is positioned well for future success. While Resilience scored slightly lower, the overall outlook remains positive for Vietnam Prosperity Bank.
Vietnam Prosperity Joint Stock Commercial Bank (VPBank) is engaged in providing a range of commercial banking services in Vietnam. The bank offers various services such as domestic remittance, personal loans, trade financing, e-banking, and more. With moderate scores across different factors, VPBank demonstrates stability and growth potential in the competitive banking industry.
“`
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
