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
Market traders: Domestic institutional trading activity surged
Derivatives: Unusual movement
Market commentary: Cash inflows return
SBV modestly withdraws liquidity
Covered warrant: A cautious sentiment emerged
Derivatives: Liquidity declined
Market commentary: Retracement phase?
