Earnings Alerts

Vietnam Prosperity Bank (VPB) Earnings Surge 67% in 1H to 8.6 Trillion Dong, Beating Last Year’s 5.16T

  • VPBank reported a pretax profit of 8.6 trillion dong in the first half of 2024.
  • This profit marked a 67% increase compared to 5.16 trillion dong in the same period last year.
  • Total operating income rose by 17.5% to reach 29 trillion dong in the first half of 2024.
  • As of the end of June, the consolidated loan balance was approximately 647 trillion dong.
  • Market sentiment is positive with 9 buys, 4 holds, and no sell recommendations for VPBank.

A look at Vietnam Prosperity Bank Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth3
Resilience2
Momentum3
OVERALL SMART SCORE2.8

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 Prosperity Bank is showing a promising long-term outlook. With consistent scores across Value, Dividend, Growth, and Momentum at a moderate level of 3, the bank is positioned well across these key factors. The company’s resilience score, however, lags slightly behind at 2, indicating some room for improvement in handling unexpected challenges. Vietnam Prosperity Bank, also known as VPBank, provides a range of commercial banking services in Vietnam, including personal loans, trade financing, e-banking, and foreign exchange services.

Overall, VPBank’s solid performance in Value, Dividend, Growth, and Momentum aspects suggests a positive trajectory for the bank in the long term. While there is room for enhancing resilience, the company’s diverse banking services and focus on domestic remittance, savings accounts, and cash management position it well to cater to the needs of customers in Vietnam. Investors may find Vietnam Prosperity Bank an interesting prospect to watch, given its balanced Smart Scores and the range of services it offers to its customers.


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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