Published Date: 18/09/2024
- Thanks to very positive earnings growth in 1H2024, we expect that net profit in 2024/2025 will grow 28.0% and 29.7% yoy.
- NPL and group 2 debt ratios are expected to reduce to 1.9% and 3.9% respectively thanks to improved asset quality in 1H2024.
- We maintain ADD recommendation for HDB and adjust target price up to 31,300 VND/share thanks to outstanding business results in 6M2024.
