Company Insight

Vietnam Technological and Commercial Joint Stock Bank (HoSE: TCB) maintains its prominent position in the industry in terms of asset quality as well as profitability. The Bank is constantly improving its digitalization and expanding the ecosystem to attract customers. We update TCB's target price at VND 43,700 based on expectations of continued revenue growth and TCB's asset health. However, we adjust the forecast based on fluctuations in the macroeconomic situation and discount downside risks related to the corporate bond portfolio.