External broker reports(aggregated public sources), Rong Viet Securities

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External broker reports(aggregated public sources)

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Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Orient Commercial Joint Stock Bank / Equity Bottom-Up

Orient Commercial Joint Stock Bank (OCB VN)

<ul><li>Total operating income (TOI) grew more than 4% led by 5% YoY in net interest income growth. </li><li>Specifically, credit growth reached 2% YTD and NIM remained quite resilient, dropping by 20% bps to 3.8%.</li><li>Non-interest income sources, although flat compared to the same period last year, reflected the bank's balancing efforts.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Total operating income (TOI) grew more than 4% led by 5% YoY in net interest income growth. Specifically, credit growth reached 2% YTD and NIM remained quite resilient, dropping by 20% bps to 3.8%.Non-interest income sources, although flat compared to the same period last year, reflected the bank's balancing efforts.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

OCB - Regaining Growth Momentum After an Unfavorable Pause