BANKING INDUSTRY 2H2023: DIFFICULTIES ARE NOT OVER YET, BUT OPPORTUNITIES LIE AHEAD
The deceleration in the banking sector's business activities in the first half of 2023 are in line with the expectations we mentioned in our 2023 strategy report. Under the impact of expansionary monetary policy and fiscal solutions, we expect the second half of 2023 to be more positive for the industry's income and profit.
Insisting on the base case that most economic activity will recover from the end of 2023 and embark on a turnaround in 2024, we believe that banking stocks still have headroom for growth at the current P/B. Compared to the carefully selected stock pick in the first half of the year, our portfolio of preferred banks has expanded in the second half. In which, besides ACB and VCB being two suitable stocks for long-term holding, we also like OCB and BID for the year-end period.
Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.
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