Quant Note – 4Q24 wrap-up: better but will be slow down
NPAT-MI growth continues to record a very high earnings growth number, with 29.2% yoy. Even though the financial group, especially real estate, made the number go up a lot, we looked at the quality of the earnings and saw that they got better over time by looking at some signs: (1) Growth of non-financial group’s growth stayed 17.2%, and operating profit margin has been improving at the same time (4Q24: 7.2% and 4Q23: 3.8%); (2) Bank sector was good at 25% yoy in 4Q24. This was accompanied by a drop in NPLs and more provisions being made than new bad debts being formed
Featured Analysis
Market commentary: Cautious sentiment
Aug 2025: Higher issuances, lower maturity pressure
Sep FOMC meeting: What to expect?
Derivatives: Profit-taking pressure
Market commentary: Market reversal
Market traders: Market liquidity recovered
Derivatives: Liquidity declines
Bài viết liên quanXem tất cả >
18/09/2025
Derivatives: Rising risks
18/09/2025
Market commentary: Cautious sentiment

Introduce
Rules