reports
- MarketLine Department
Saigon - Hanoi Commercial Joint Stock Bank - Company Profile and SWOT ...
Summary Saigon - Hanoi Commercial Joint Stock Bank - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Saigon - Hanoi Commercial Joint Stock Bank (SHB) is a provider of personal and corporate banking products and services. The bank provides personal banking products such as per...
Military Commercial Joint Stock Bank: 1 director
A director at Military Commercial Joint Stock Bank sold 456,000 shares at 0.000VND and the significance rating of the trade was 65/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the l...
Moody's Ratings affirms Military Commercial Joint Stock Bank's Ba3 rat...
Moody's Ratings (Moody's) has today affirmed Military Commercial Joint Stock Bank's (MB) Ba3 local currency (LC) and foreign currency (FC) long-term (LT) bank deposit and issuer ratings, as well as its ba3 Baseline Credit Assessment (BCA) and Adjusted BCA. At the same time, we have affirmed MB's B...
- Chinh Nguyen
MBB - Clearer Recovery Prospects in the Second Half of 2023
In Q2/2023, MBB experienced a slowdown in its primary revenue sources within the backdrop of the industry's general difficulties, with a total operating income (TOI) of VND 11.5 trillion (+3% YoY). Net interest income (NII) was the driving force with a 6% growth, reaching VND 9.4 trillion and contributing 82% total income. For the first half of 2023, TOI and PBT amounted to VND 23.4 trillion (+3% YoY) and VND 12.7 trillion (+7% YoY), respectively, completing 49% of the guideline. Moving into ...
Moody's affirms Military Commercial Joint Stock Bank's ratings; outloo...
Moody's Investors Service has affirmed Military Commercial Joint Stock Bank's (MB) Ba3 long-term (LT) foreign currency (FC) and local currency (LC) bank deposit and issuer ratings, its Ba2 LT FC and LC Counterparty Risk Ratings (CRR), its ba3 Baseline Credit Assessment (BCA) and Adjusted BCA, as wel...
- Thao Nguyen
MBB – Credit cost pressure eased
1Q23 results witnessed a cooled off momentum across all sources of income, resulting in a modest top-line growth of 3% YoY. Net interest income reached VND 10.2 tn (or USD 433 mn), up by 22% YoY and continued to expand its contribution to total operating income amid challenges on the service activities front. Meanwhile, non-interest income dropped 20% QoQ and 48% YoY. PBT grew by a greater extent compared to TOI, +10% YoY, ending at VND 6.5 tn (or USD 276 mn) owing to credit cost reductions. ...
- Thao Nguyen
MBB – Growth momentum is going to slow down amidst economic uncertai...
4Q22 results witnessed a top-line growth of 16% YoY as the core income source sustained its momentum to reach VND 9.6 tn (or USD 0.4 bn), up by 34% YoY and accounted for 79% of total operating income. NFI declined 9% YoY to VND 1.2 tn (or USD 50mn). Despite the decline of 28% YoY in non-interest income growth, MBB recorded total operating income of VND 11.8 tn (or USD 490mn, 16% YoY) in 4Q22, favorably contributing to the bottom-line growth. On top of that, credit cost was the most notable fac...
- Son Tran
Analyst Pin-board MBB - 8M2022 Performance Update
· PBT of parent bank reached VND14,500 billion in 8M2022, compared to nearly VND10,000 billion in the same period last year. Total PBT of subsidiaries were nearly VND2,000 billion in 8M, of which MCredit reached nearly VND800 billion. · High credit growth and NIM’s expansion drove earnings growth. · Asset quality and risk costs were well-controlled but pressures are rising. · Increasing risk to be awared with high exposure in sectors that related to rea...
- Kiet Tran
- Lam Nguyen
- Tung Do
Vietnam Strategy: April 2022 – Tailwinds from AGM and earnings season
We remain positive on Vietnam equities in the long term due to the following structural catalysts: better domestic demand, companies’ earnings prospect, economic activities and FDI inflows on the back of broader economic reopening and fiscal stimulus package disbursement. These factors will provide an efficient buffer against higher, albeit in control, inflation and external risks namely geopolitical uncertainties and slowing global growth. We also see upside potential from the perspective of...
ACB ASIA COMMERCIAL BANK
FPT FPT
PVT PETROVIETNAM TRANSPORTATION CO.
ANV NAM VIET
PNJ PHU NHUAN JEWELRY JSC
MBB MILITARY COMMERCIAL JOINT STOCK BANK
NT2 PETROVIETNAM POWER NHONTRACH 2
QNS QUANG NGAI SUGAR
VPB VIETNAM PROSPERITY JOINT-STOCK COMMERCIAL BANK
TCB VIETNAM TECHNOLOGICAL AND COMMERCIAL JOINT STOCK BANK
- Thanh Nguyen
Military Commercial: 2022/2023 outlook: Credit growth and credit cost ...
The consumer finance segment of the group has expanded to make up c6% of the consolidated loan book. Despite the growing contribution of riskier segments, we expect operating costs control and easing credit cost margin to prevail to contribute significantly to earnings growth in the 2022-2023 period. Notwithstanding the potential of exclusive quota granted, we conservatively factor in 26% consolidated credit growth in 2022. We have a 2022-2023 PBT forecasts at VND21.8tn (US$948mn, 32% yoy) a...
- Kiet Tran
- Lam Nguyen
- Tung Do
Vietnam Strategy: March 2022 – Timing is key
The Russia-Ukraine war and US and European sanctions on Russia have raised concerns about the risk of a global supply chain disruption, especially since Russia and Ukraine are two major exporting countries in terms of metal products, fertilisers, agricultural products and oil and gas. This has pushed prices of commodities, which have been on a significant rally during the two years of the pandemic, once again back to its peak. Speculation on commodity prices has led to a rapid and strong incr...
VHC VINH HOAN
VCB JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM
DRC DANANG RUBBER JOINT STOCK CO
PNJ PHU NHUAN JEWELRY JSC
MBB MILITARY COMMERCIAL JOINT STOCK BANK
STK CENTURY SYNTHETIC FIBER
TCB VIETNAM TECHNOLOGICAL AND COMMERCIAL JOINT STOCK BANK
HND HAI PHONG THERMAL POWER
- Kiet Tran
- Lam Nguyen
- Tung Do
Vietnam Strategy: November – Expect market to move up but beware of vo...
In November, we expect the market to continue its upward trajectory thanks to the clearer resumption of economic activities in Q4 21 with the government’s support package being the main driving force to enhance market movement. However, short-term volatility is possible from a correction following the strong rally in Q3 business results due to the abundance of capital flows in the market. We predict the VN Index to move in the 1400-1500 range. CLEAR RESUMPTION OF ECONOMIC ACTIVITIES IN Q4 21 ...
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