Published Date: 15/08/2024
- PAT in Q2/2024 and 6M2024 showed positive growth (+38.6% and 38.5% yoy), thanks to strong growth in operating income and a significant decrease in CIR.
- NPL ratio and Group 2 loan ratio at the end of Q2/2024 were 1.23% and 0.82%, respectively (Q1/2024: 1.13% and 1.09%). LLR ratio slightly decreased to 101.1% at the end of Q2/2024 (Q1/2024: 106.1%).
- We have changed to ADD recommendation for TCB, with a new target price of VND 25,400 VND/share, due to more favorable 6M2024 results than the most recent forecast.
