[TCB/BUY/TP: VND 58,700] - Outstanding asset quality
09/09/2022

Summary

Tecombank (HoSE: TCB) is one of the largest retail banks in Vietnam, with remarkable success. TCB's strategy is not only focusing on investing in technology but also on building an overall digital-data system with talented personnel. The bank is currently leading the system with many vital indicators such as ROA, CASA ratio, and bad debt ratio (NPL). We value TCB for the first time at VND 58,700, equivalent to an upside of 56%.

Company
TCB-Vietnam Technological and Commercial Joint Stock Bank
Category
Initiation
Author
Xuan Nguyen
Details

Page: 19

Lauguage:

File format: pdf

Size: 1.88 MB