{"id":17436,"date":"2023-01-05T14:21:29","date_gmt":"2023-01-05T07:21:29","guid":{"rendered":"https:\/\/gtjai.com.vn\/?post_type=research&p=17436"},"modified":"2023-01-05T14:21:29","modified_gmt":"2023-01-05T07:21:29","slug":"sector-report_banking-sector-investment-outlook-2023_neutral","status":"publish","type":"research","link":"https:\/\/gtjai.com.vn\/en\/research\/sector-report_banking-sector-investment-outlook-2023_neutral\/","title":{"rendered":"Sector Report_Banking Sector Investment Outlook 2023_Neutral"},"content":{"rendered":"

PART I: THE BANKING SECTOR HIGHLIGHTS IN 2022<\/span><\/strong>
\nTightened credit control<\/span>
\nPolicy highlights<\/span>
\nBusiness performance of banks seemed good but there is a sign of weakening.<\/span><\/p>\n

PART II: SECTOR OUTLOOK 2023<\/span><\/strong>
\nBright spots: retail sector lights the income growth, stable & safe risk management<\/span>
\nHeadwind: asset quality risks put burden on both wholesale and retail segment, pressure of policy changes on liquidity and NIM, the gloomy economic outlook may damage credit expansion and profit.<\/span>
\nSector PBT is expected to grow by 15% in 2023 aligning with the credit growth\u2019s assumption of 14%.<\/span><\/p>\n

PART III: INVESTMENT OPPORTUNITIES AND STOCK PICK 2023<\/span><\/strong>
\nInvestment strategy: focus on banks with 1\/ conservative lending strategy, 2\/ benefit from policy-participate in restructuring credit institutions under control, 3\/ expected to witness impressive growth after restructuring (STB), 4\/ private placement plan (VPB, BID).<\/span><\/p>\n","protected":false},"author":12,"featured_media":0,"template":"","cate_research":[80],"specialized":[],"class_list":["post-17436","research","type-research","status-publish","hentry","cate_research-bao-cao-doanh-nghiep-en"],"yoast_head":"Sector Report_Banking Sector Investment Outlook 2023_Neutral - 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\/sector-report_banking-sector-investment-outlook-2023_neutral\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sector Report_Banking Sector Investment Outlook 2023_Neutral - GTJA\" \/>\n<meta property=\"og:description\" content=\"PART I: THE BANKING SECTOR HIGHLIGHTS IN 2022 Tightened credit control Policy highlights Business performance of banks seemed good but there is a sign of weakening. 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