Company Insight

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%.