{"id":16344,"date":"2022-10-13T14:47:50","date_gmt":"2022-10-13T07:47:50","guid":{"rendered":"https:\/\/gtjai.com.vn\/?post_type=research&#038;p=16344"},"modified":"2022-10-13T14:52:49","modified_gmt":"2022-10-13T07:52:49","slug":"gtjasvn_abi-equity-report_buy_benefit-from-high-interest-rate-environment","status":"publish","type":"research","link":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_abi-equity-report_buy_benefit-from-high-interest-rate-environment\/","title":{"rendered":"GTJASVN_ABI Equity Report_Benefit from high interest rate environment"},"content":{"rendered":"<p style=\"text-align: center\"><span style=\"font-family: arial, helvetica, sans-serif;font-size: 16px\"><strong>Agriculture Bank Insurance Joint &#8211; Stock Corporation (ABI)\u00a0 _Benefit from high interest rate environment<\/strong><\/span><\/p>\n<p><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\"><strong>\u00a0INVESTMENT THESIS<\/strong><\/span><\/p>\n<ul>\n<li><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">Agribank Insurance (ABIC hereinafter) is the pioneer in the secured credit insurance provider in Vietnam market.<\/span><\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">ABIC owns well dispersed risk business model according to the large sample rule, making its remarkable profitability. The company records impressive low compensation fee rate (around 22% of net premium). That in line with well advantage from parent company-Agribank helps it rapidly expand market, maintaining steady premium growth as well as sector-lowest combined ratio. As the results, ROE of ABIC is at sector-highest level, two-folded ROE of peers.<\/span><\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">Until June 2022, Banca insurance with Agribank is potential. There is just 65% of total Agribank\u2019s client are insured by ABIC. Loan outstanding in Agribank\u2019s asset which are insured by ABIC is just 20.8%\/total loan.<\/span><\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">ABIC still has room to improve profit margin from higher interest rate environment and diversify investment portfolio, which help to improve financial income.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\"><strong>RISK<\/strong><\/span><\/p>\n<ul>\n<li><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">The premium growth mostly depends on credit growth of Agribank<\/span><\/li>\n<\/ul>\n","protected":false},"author":12,"featured_media":0,"template":"","cate_research":[80],"specialized":[],"class_list":["post-16344","research","type-research","status-publish","hentry","cate_research-bao-cao-doanh-nghiep-en"],"yoast_head":"<title>GTJASVN_ABI Equity Report_Benefit from high interest rate environment - GTJA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_abi-equity-report_buy_benefit-from-high-interest-rate-environment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GTJASVN_ABI Equity Report_Benefit from high interest rate environment - GTJA\" \/>\n<meta property=\"og:description\" content=\"Agriculture Bank Insurance Joint &#8211; Stock Corporation (ABI)\u00a0 _Benefit from high interest rate environment \u00a0INVESTMENT THESIS Agribank Insurance (ABIC hereinafter) is the pioneer in the secured credit insurance provider in Vietnam market. ABIC owns well dispersed risk business model according to the large sample rule, making its remarkable profitability. The company records impressive low compensation [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_abi-equity-report_buy_benefit-from-high-interest-rate-environment\/\" \/>\n<meta property=\"og:site_name\" content=\"GTJA\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-13T07:52:49+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gtjai.com.vn\/#website\",\"url\":\"https:\/\/gtjai.com.vn\/\",\"name\":\"GTJA\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/gtjai.com.vn\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_abi-equity-report_buy_benefit-from-high-interest-rate-environment\/#webpage\",\"url\":\"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_abi-equity-report_buy_benefit-from-high-interest-rate-environment\/\",\"name\":\"GTJASVN_ABI Equity Report_Benefit from high interest rate environment - GTJA\",\"isPartOf\":{\"@id\":\"https:\/\/gtjai.com.vn\/#website\"},\"datePublished\":\"2022-10-13T07:47:50+00:00\",\"dateModified\":\"2022-10-13T07:52:49+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_abi-equity-report_buy_benefit-from-high-interest-rate-environment\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_abi-equity-report_buy_benefit-from-high-interest-rate-environment\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_abi-equity-report_buy_benefit-from-high-interest-rate-environment\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/gtjai.com.vn\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GTJASVN_ABI Equity Report_Benefit from high interest rate environment\"}]}]}<\/script>","yoast_head_json":{"title":"GTJASVN_ABI Equity Report_Benefit from high interest rate environment - GTJA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_abi-equity-report_buy_benefit-from-high-interest-rate-environment\/","og_locale":"en_US","og_type":"article","og_title":"GTJASVN_ABI Equity Report_Benefit from high interest rate environment - GTJA","og_description":"Agriculture Bank Insurance Joint &#8211; Stock Corporation (ABI)\u00a0 _Benefit from high interest rate environment \u00a0INVESTMENT THESIS Agribank Insurance (ABIC hereinafter) is the pioneer in the secured credit insurance provider in Vietnam market. ABIC owns well dispersed risk business model according to the large sample rule, making its remarkable profitability. The company records impressive low compensation [&hellip;]","og_url":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_abi-equity-report_buy_benefit-from-high-interest-rate-environment\/","og_site_name":"GTJA","article_modified_time":"2022-10-13T07:52:49+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/gtjai.com.vn\/#website","url":"https:\/\/gtjai.com.vn\/","name":"GTJA","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/gtjai.com.vn\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_abi-equity-report_buy_benefit-from-high-interest-rate-environment\/#webpage","url":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_abi-equity-report_buy_benefit-from-high-interest-rate-environment\/","name":"GTJASVN_ABI Equity Report_Benefit from high interest rate environment - GTJA","isPartOf":{"@id":"https:\/\/gtjai.com.vn\/#website"},"datePublished":"2022-10-13T07:47:50+00:00","dateModified":"2022-10-13T07:52:49+00:00","breadcrumb":{"@id":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_abi-equity-report_buy_benefit-from-high-interest-rate-environment\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_abi-equity-report_buy_benefit-from-high-interest-rate-environment\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_abi-equity-report_buy_benefit-from-high-interest-rate-environment\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/gtjai.com.vn\/en\/"},{"@type":"ListItem","position":2,"name":"GTJASVN_ABI Equity Report_Benefit from high interest rate environment"}]}]}},"_links":{"self":[{"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/research\/16344\/"}],"collection":[{"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/research\/"}],"about":[{"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/types\/research\/"}],"author":[{"embeddable":true,"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/users\/12\/"}],"wp:attachment":[{"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/media\/?parent=16344"}],"wp:term":[{"taxonomy":"cate_research","embeddable":true,"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/cate_research\/?post=16344"},{"taxonomy":"specialized","embeddable":true,"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/specialized\/?post=16344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}