ENTITY
Sacombank

Sacombank (STB VN)

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Analysis
FinancialsVietnam
Saigon Thuong Tin Commercial Joint-Stock Bank, known as Sacombank, operates various personal and corporate banking services such as deposits, foreign exchange transactions, loans, outward transfer, and international payments.
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bullishSacombank
07 Mar 2025 21:35Broker

Sai Gon Thuong Tin CJSB (STB VN) - Approaching a Turning Point

FY24 impressive PBT growth: The PBT of Sacombank (STB) surged 32.6% YoY in FY24, supported by: 1) lower provisioning (VND1,974bn; -46.5% YoY)

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bullishSacombank
04 Dec 2024 20:07Broker

STB [BUY +31.2%] - VAMC Collateral Sale to Boost CAR Ratio in 2025F; Attractive Valuation - Update

We increase our target price (TP) for STB by 17.5% to VND43,700/share and maintain our BUY rating. Our higher TP is due to (1) the positive impact...

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Vietcap
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bullishSacombank
06 Sep 2024 09:31Broker

Sacombank (STB) - Delaying Income from Phong Phu Debt Sale to 2025

Our lower TP is due to a 0.9% decrease in our aggregate 2024-2028F projected NPAT (- 3.1%/+12.9%/-4.8%/-2.6%/-4.1% in 2024/25/26/27/28F,...

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Vietcap
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28 Nov 2024 20:28Broker

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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06 Nov 2024 19:55Broker

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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Vietcap
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