TCB [BUY +21.8%] - Expecting Weak Q4 2024, yet Earnings Outlook on Track - Update
Our higher TP is mainly due to (1) the positive impact of rolling our TP horizon forward to end-2025F and (2) a decrease in our assumption for...
172 Views
Vietnam Technological and Commercial JSB - An Amicable Split
In 9M24, Vietnam Technological and Commercial JSB (TCB) experienced notable asset growth, with total assets increasing by 9.1% YTD to VND927.1tr...
124 Views
Techcombank - Stronger NOII Growth Offsetting Higher Provisions
We maintain our OUTPERFORM rating and target price (TP) at VND26,000/share for TCB as we trim our aggregate 2024-2028F earnings forecast by only 0.9%
318 Views
Vietnam Technological and Commercial JSB - Rising Concentration Risk
In 2023, Vietnam Technological and Commercial JSB (TCB) saw a significant increase in assets, soaring by over 21.5% YoY to VND849.5tr (US$34.7bn).
208 Views
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,...
136 Views