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, up +6.7%yoy, equalling 73% of the 2024 target.
Featured Analysis
GAS – Earnings Review – [BUY] – 2Q25: One-off provision reversal boosted bottom line
REE – Earnings review – [HOLD] – 2Q25: Steady surge in utilities
Derivatives: Testing the 20-day moving average
Market commentary: Divergent market performance
Derivatives: Waiting for the next signal
Market commentary: Foreigners reversed strongly to net buying
Derivatives: Downtrend ahead?

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