{"id":18645,"date":"2023-04-13T13:56:33","date_gmt":"2023-04-13T06:56:33","guid":{"rendered":"https:\/\/gtjai.com.vn\/?post_type=research&p=18645"},"modified":"2023-04-13T13:56:33","modified_gmt":"2023-04-13T06:56:33","slug":"gtjasvn_acb-equity-report_agm-2023_april-2023","status":"publish","type":"research","link":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_acb-equity-report_agm-2023_april-2023\/","title":{"rendered":"GTJASVN_ACB Equity Report_AGM 2023_April 2023"},"content":{"rendered":"

On April 13, 2023, ACB held AGM 2023 with key contents as follows:<\/span><\/p>\n

– Business plan 2023<\/strong>: credit growth of 9.7%, PBT increase of 17.2%. Growth of individual loans would be 12%-13% (it reached 20% in 2022).<\/span><\/p>\n

– Dividend payment plan<\/strong>: the bank will pay the dividend for the year 2022 which includes 15% in shares and 10% in cash. It is expected to be implemented in the third quarter.<\/span><\/p>\n

– Q1\/2023 business results<\/strong>: PBT reached VND5,120 billion, up 24%yoy (achieve 26% of the year plan). Credit decreased slightly by 0.6%ytd due to credit decline in the first 2 months. By March, credit increased by 2.2%mom.<\/span><\/p>\n

– NPL ratio<\/strong> at the end of Q1 was 0.94%. Real estate loans accounted for 24% of total credit (20% for home loans, <1% loan for project investment).<\/span><\/p>\n

– The bank has no M&A plan<\/strong> in the short term.<\/span><\/p>\n

\u00a0<\/p>\n

Comment:<\/strong><\/span><\/p>\n

In general, ACB’s business activities remained stable in Q1. The business plans are conservative with a mid-range growth target this year. Currently, ACB still maintains a prudent business model with low risk in asset quality compared to peers.<\/span><\/p>\n","protected":false},"author":12,"featured_media":0,"template":"","cate_research":[80],"specialized":[],"class_list":["post-18645","research","type-research","status-publish","hentry","cate_research-bao-cao-doanh-nghiep-en"],"yoast_head":"GTJASVN_ACB Equity Report_AGM 2023_April 2023 - 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_acb-equity-report_agm-2023_april-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GTJASVN_ACB Equity Report_AGM 2023_April 2023 - GTJA\" \/>\n<meta property=\"og:description\" content=\"On April 13, 2023, ACB held AGM 2023 with key contents as follows: – Business plan 2023: credit growth of 9.7%, PBT increase of 17.2%. 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