ACB – Brief – [NONRATED] – Muted credit growth
1Q25 PBT inched down -6%yoy to VND4,596bn due to lower net interest incomes (-5.4%) and higher risk provision expenses (+22.2%yoy). 1Q25 PBT completed 20% of the 2025 target.
Featured Analysis
Market commentary: Green returns
FX pressures to subside toward year-end
Aviation – In-depth – [NEUTRAL] – Hold altitude
Market commentary: Divergent movements
Derivatives: Continued consolidation
Derivatives: Momentum slowing
Market commentary: Market volatility
