- Pretax profit for Techcombank in the first half of 2024 was 15.6 trillion dong, an increase of 38% year-on-year.
- Total assets reached 908.3 trillion dong by mid-year, marking a 6.9% rise compared to the end of the previous year.
- Net interest income grew by 40% year-on-year to 18 trillion dong in the first half of 2024.
- Total operating income for the first half of 2024 increased by 38% year-on-year to 25.7 trillion dong.
- The CASA (Current Account Savings Account) ratio stood at 37.4% compared to 40.5% in the first quarter, but was up 35% from the same period last year.
- CASA balance remained at an all-time high of over 180 trillion dong.
- Capital adequacy ratio (CAR) improved to 14.5% as of June 30, 2024.
- Analyst ratings include 9 buys, 6 holds, and no sells.
A look at Vietnam Technological & Commer Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
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 provided, Vietnam Technological & Commer shows a promising long-term outlook. With a strong emphasis on growth and value, the company appears well-positioned for future success. The growth score of 4 indicates a positive trajectory for the company, supported by a solid value score of 3. This suggests that Vietnam Technological & Commer is focused on expanding its operations while maintaining a good financial standing.
Although the dividend and resilience scores are lower, indicating room for improvement in these areas, the momentum score of 3 implies that the company has positive momentum in its operations. Overall, Vietnam Technological & Commer, also known as Techcombank, is a banking institution in Vietnam that offers a range of financial services to individuals, corporates, and government sectors. With a blend of growth, value, and momentum, the company appears to have a bright future ahead.
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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