- Vietcombank’s profit after tax for the second quarter of 2024 reached 8.1 trillion dong, a 9.5% increase compared to the same period last year (7.4 trillion dong).
- For the first half of 2024, the profit after tax amounted to 16.7 trillion dong, marking a 1.8% rise from the previous year’s first half.
- Total assets grew to 1,905 trillion dong as of June 30, 2024, up from 1,839 trillion dong at the end of 2023.
- The second quarter earnings per share (EPS) increased to 1,453 dong per share, compared to 1,328 dong per share in the same period last year.
- Analysts’ recommendations include 13 buys and 3 holds, with no sell recommendations.
Bank for Foreign Trade of Vietnam on Smartkarma
Analyst coverage on the Bank for Foreign Trade of Vietnam (VCB) on Smartkarma, an independent investment research network, includes insights from Mohshin Aziz. In his research report titled “Vietcombank (VCB VN Equity): Secondary Placement Offer, up to 2.4% Discount,” Aziz discusses the Vietnamese GLC stock offering of approximately 29 million shares at a discount, which will increase the free float to 8.4%. The secondary placement involves around 29 million shares through accelerated bookbuild, with a total offer size of approximately USD100 million. The discount ranges from 0-2.4% relative to the market close on July 9, depending on demand, and the free float is expected to rise by 0.5%.
A look at Bank for Foreign Trade of Vietnam Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.4 |
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
Bank for Foreign Trade of Vietnam, also known as Joint Stock Commercial Bank for Foreign Trade of Vietnam, shows a promising long-term outlook according to the Smartkarma Smart Scores. With a strong score in Growth and Momentum, the company demonstrates potential for expanding its operations and maintaining positive market performance. Their focus on providing banking services to individuals, corporates, and financial institutions both locally and internationally positions them well for future growth opportunities.
While the scores for Value, Dividend, and Resilience are not as high as Growth and Momentum, they still indicate a solid foundation and stability within the company. Overall, the Bank for Foreign Trade of Vietnam appears to be well-positioned for long-term success in the banking sector, leveraging its diverse range of banking products and services to drive continued growth and value for its stakeholders.
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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