ACB – Brief – [NONRATED] – Tighten cost to keep profit growth
2Q24 PBT grew +16%yoy (to VND5,598bn) thanks to controls in operating expenses and risks provision expenses, per our estimation. 1H2024 PBT rose +5%yoy to VND10,491bn, completing 48% of the 2024 target.
Featured Analysis
Derivatives: Upward trend returns?
Covered warrant: Liquidity rebounded
SBV returns to net injections as credit growth hits a record high
Market commentary: Narrowing losses
Derivatives: Liquidity surges
Chart of the day: Awaiting trend confirmation signals
Derivatives: Unexpected correction
