Earnings Alerts

Vietnam Joint Stock Commercial Bank For Industry and Trade (CTG) Earnings: Vietinbank Reports 26.3 Trillion Dong Pretax Profit and Positive 2024 Outlook

By October 11, 2024 No Comments
  • Vietinbank projects an unconsolidated pre-tax profit of 26.3 trillion dong for the fiscal year.
  • The bank aims for its total assets to increase by 8-10% in 2024.
  • Vietinbank targets a bad debt ratio of below 1.8% of its total outstanding loans this year.
  • Analyst recommendations for Vietinbank include 9 ‘buy’ ratings, 1 ‘hold’ rating, and no ‘sell’ ratings.

A look at Vietnam Joint Stock Commercial Bank For Industry and Trade Smart Scores

FactorScoreMagnitude
Value3
Dividend1
Growth4
Resilience2
Momentum5
OVERALL SMART SCORE3.0

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

Based on the Smartkarma Smart Scores, Vietnam Joint Stock Commercial Bank For Industry and Trade shows promising long-term growth potential with a strong score of 4 in Growth. This indicates a favorable outlook for the company’s expansion and future profitability. Additionally, the bank has scored high in Momentum with a rating of 5, suggesting positive market sentiment and potential for continued upward movement in its performance.

However, the company’s overall outlook is somewhat mixed due to lower scores in other areas. While it demonstrates solid growth potential, Vietnam Joint Stock Commercial Bank For Industry and Trade scored lower in Dividend, Resilience, and Value. These scores imply areas where the company may need to focus on improving in order to enhance its overall financial health and attractiveness to investors.

### Summary ###
Vietnam Joint Stock Commercial Bank For Industry and Trade offers various commercial banking services, including corporate and consumer loans, insurance, brokerage services, money transfer, credit cards, and more.


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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