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 48% of the 2024 target and 46% of KIS estimation.
Featured Analysis
Derivatives: Awaiting the next breakout
Market commentary: Testing the 10-period moving average
Chart of the day: Awaiting confirmation signal
Derivatives: Breakout session?
Market commentary: Market recovery
Derivatives: Awaiting confirmation signal
Market commentary: Strong selling pressure from foreign
