VCB

25
February
VCB – Earnings review – [BUY] – Strengthening credit growth
4Q24 PBT was down -8.5%yoy to VND10.7tn due to absence of provision reversal as in 4Q23. Otherwise, some items contributed to the 4Q24 profit: Net interest incomes (+8.1%yoy), other incomes...

19
November
VCB – Earnings review – [BUY] – Maintaining asset quality
3Q24 PBT rallied +18.2% yoy/+5.8%qoq to VND10.7tn thanks to (1) maintained operating incomes (+6.7%yoy/+0.5%qoq) and (2) a decrease in provision risk expenses (-78.2% yoy/ -78.5%qoq). Accumulated 9M24 PBT posted VND31.5tn,...

30
August
VCB – Earnings review – [BUY] – Enhancing asset quality
2Q24 PBT rallied +9.0% yoy to VND10.1tn thanks to a decrease in operating costs (-9.4% yoy) and provision risk expenses (-40.3% yoy). Accumulated 1H24 PBT posted VND20.8tn, up +1.6%yoy, equalling...