External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>FY24 impressive PBT growth: The PBT of Sacombank (STB) surged 32.6% YoY in FY24, supported by: 1) lower provisioning (VND1,974bn; -46.5% YoY);</li><li>2) strong TOI growth (VND28,677bn; +9.6% YoY), with net interest income (NII) growth at 11.1%, NFI at 13.8%, and NOII at -21.3%; and</li><li>3) controlled OPEX (VND13,982bn; +8.5% YoY), with CIR trending downwards at 48.8% (-49bps YoY).</li></ul><div class="content-highlight"><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></div>

FY24 impressive PBT growth: The PBT of Sacombank (STB) surged 32.6% YoY in FY24, supported by: 1) lower provisioning (VND1,974bn; -46.5% YoY);2) strong TOI growth (VND28,677bn; +9.6% YoY), with net interest income (NII) growth at 11.1%, NFI at 13.8%, and NOII at -21.3%; and3) controlled OPEX (VND13,982bn; +8.5% YoY), with CIR trending downwards at 48.8% (-49bps YoY).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.

Sai Gon Thuong Tin CJSB (STB VN) - Approaching a Turning Point