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11 articles for Vietnam Technological & Commercial Joint Stock Bank
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...
Lam Nguyen @ Rong Viet 11 April 2022
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, agr...
Lam Nguyen @ Rong Viet 11 March 2022
TCB: 2022/2023 outlook – Expect solid growth amid headwinds
We see factors that will support NIM during the deposit rate increases. Implicit costs on CASA, including technology investments and promotion expenses should be considered when assessing the stability and growth potential of these non-maturity depos...
Thanh Nguyen @ Rong Viet 3 March 2022
TCB: Capitalising on competitive advantages
The 2021-2025 strategy marks an acceleration phase capitalising on TCB's competitive advantages: invested infrastructure, thick capital base and strong ecosystem. We expect TCB to have good growth when capitalising on its competitive advantages in a ...
Thanh Nguyen @ Rong Viet 29 December 2021
Vietnam Strategy: June 2021 – Prepare for new opportunities
The market will move into a "quiet period" once Q1 21 business results are fully released. Meanwhile, April CPI decreased by 0.04% mom, and increased by only 0.89% in 4M 21, indicating that inflationary pressure is not something to worry about yet an...
Lam Nguyen @ Rong Viet 7 June 2021
TCB: Maintaining competitive advantages
CASA ratio slightly decreased in Q1 21 due to seasonality of corporate customers. We maintain our target price of VND50,900/share and Buy recommendation. This translates to an upside of 17% from the closing price of 4 May 2021. Based on the expansion...
Thanh Nguyen @ Rong Viet 8 May 2021
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Vietnam
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About
Vietnam Technological and Commercial Joint-stock Bank, doing business as Techcombank, provides banking services. The Bank offers savings, deposits, loans, credit cards, monetary management, trade finance, international payment, and foreign exchange services. Techcombank serves individuals, corporates, and the government sectors in Vietnam.
