[TCB/BUY/ TP: VND 43,700] - Expected cost of capital to decrease
07/08/2023

Summary

Techcombank is one of the largest joint stock banks in Vietnam with considerable success. TCB has always focused on developing technology to lead in the digitalization progress of the financial industry. TCB focuses on developing in the segment of real estate development loans and home loans, we this segment owns a great potential for future growth. With residual income method (RI) and P/B comparison method, we update our target price for TCB in the next 12 months at VND43,700, upside potential at 30.1%.

Company
TCB-Vietnam Technological and Commercial Joint Stock Bank
Category
Update
Author
Phuong Nguyen
Details

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