Asia Commercial Joint Stock Bank - Safe Harbour in a Storm
Asia Commercial Bank (ACB) saw a rebound in total assets in 2Q24, reaching VND769.7tr (US$31.4bn), a 7.1% increase YTD, significantly higher than...
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ACB [BUY +35.0%] - Raising Credit Growth Forecast on Corporate Lending Surge - Update
Our aggregate 2024-2028F NPAT forecast is almost unchanged (-1.6%/+0.2%/ -1.8%/-1.1%/+0.3% for 2024/25/26/27/28F, respectively).
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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,...
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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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Stock Recommendations (Vietnam Market) - November 2024
Overview: Joint Stock Commercial Bank For Foreign Trade Of Vietnam (Vietcombank - VCB) officially came into operation on 1 April 1963.
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