{"id":22508,"date":"2024-03-22T10:34:54","date_gmt":"2024-03-22T03:34:54","guid":{"rendered":"https:\/\/gtjai.com.vn\/?post_type=research&#038;p=22508"},"modified":"2024-04-12T10:37:05","modified_gmt":"2024-04-12T03:37:05","slug":"gtjasvn_banking-sector-report_22mar2024","status":"publish","type":"research","link":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_banking-sector-report_22mar2024\/","title":{"rendered":"GTJASVN_Banking Sector Report_22Mar2024"},"content":{"rendered":"<p>EXECUTIVE SUMMARY:<\/p>\n<p>\u2014We assess that the outlook of Banking stocks in 2024 is <b>POSITIVE<\/b>. The drivers for price increase of Banking stocks include: (1) Improved business and economic conditions and the recovery of the real estate sector can promote credit growth and increase service fee income for banks; (2) Banks\u2019 NIM in 2024 is expected to improve compared to that of 2023 because of a low interest environment in 2024; (3) The pricing of banking stocks is at an attractive level; (4) Banks\u2019 NPL ratio and bond portfolio are expected to improved with the economic condition, thus improving banks\u2019 asset quality; (5) We assess the long-term outlook of the banking sector is positive. Notable risks of banking stocks that need monitoring: some banks are having high capital adequacy risk and\/or liquidity risk.<\/p>\n<p>\u2014We issue a BUY recommendation on <b>MSB<\/b> with 6-18 months\u2019 target price of <b>VND<\/b> <b>19,000\/share<\/b>, an upside of +28% with purchase price of\u00a0 VND 14,800\/share. A notable risk of MSB is that the bank is current having a higher NPL ratio than the sector average.<\/p>\n","protected":false},"author":24,"featured_media":0,"template":"","cate_research":[70],"specialized":[],"class_list":["post-22508","research","type-research","status-publish","hentry","cate_research-macro-market-report"],"yoast_head":"<title>GTJASVN_Banking Sector Report_22Mar2024 - 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_banking-sector-report_22mar2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GTJASVN_Banking Sector Report_22Mar2024 - GTJA\" \/>\n<meta property=\"og:description\" content=\"EXECUTIVE SUMMARY: \u2014We assess that the outlook of Banking stocks in 2024 is POSITIVE. The drivers for price increase of Banking stocks include: (1) Improved business and economic conditions and the recovery of the real estate sector can promote credit growth and increase service fee income for banks; (2) Banks\u2019 NIM in 2024 is expected [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_banking-sector-report_22mar2024\/\" \/>\n<meta property=\"og:site_name\" content=\"GTJA\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-12T03:37:05+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_banking-sector-report_22mar2024\/#webpage\",\"url\":\"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_banking-sector-report_22mar2024\/\",\"name\":\"GTJASVN_Banking Sector Report_22Mar2024 - GTJA\",\"isPartOf\":{\"@id\":\"https:\/\/gtjai.com.vn\/#website\"},\"datePublished\":\"2024-03-22T03:34:54+00:00\",\"dateModified\":\"2024-04-12T03:37:05+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_banking-sector-report_22mar2024\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_banking-sector-report_22mar2024\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_banking-sector-report_22mar2024\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/gtjai.com.vn\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GTJASVN_Banking Sector Report_22Mar2024\"}]}]}<\/script>","yoast_head_json":{"title":"GTJASVN_Banking Sector Report_22Mar2024 - 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_banking-sector-report_22mar2024\/","og_locale":"en_US","og_type":"article","og_title":"GTJASVN_Banking Sector Report_22Mar2024 - GTJA","og_description":"EXECUTIVE SUMMARY: \u2014We assess that the outlook of Banking stocks in 2024 is POSITIVE. The drivers for price increase of Banking stocks include: (1) Improved business and economic conditions and the recovery of the real estate sector can promote credit growth and increase service fee income for banks; (2) Banks\u2019 NIM in 2024 is expected [&hellip;]","og_url":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_banking-sector-report_22mar2024\/","og_site_name":"GTJA","article_modified_time":"2024-04-12T03:37:05+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_banking-sector-report_22mar2024\/#webpage","url":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_banking-sector-report_22mar2024\/","name":"GTJASVN_Banking Sector Report_22Mar2024 - GTJA","isPartOf":{"@id":"https:\/\/gtjai.com.vn\/#website"},"datePublished":"2024-03-22T03:34:54+00:00","dateModified":"2024-04-12T03:37:05+00:00","breadcrumb":{"@id":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_banking-sector-report_22mar2024\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_banking-sector-report_22mar2024\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_banking-sector-report_22mar2024\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/gtjai.com.vn\/en\/"},{"@type":"ListItem","position":2,"name":"GTJASVN_Banking Sector Report_22Mar2024"}]}]}},"_links":{"self":[{"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/research\/22508\/"}],"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\/24\/"}],"wp:attachment":[{"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/media\/?parent=22508"}],"wp:term":[{"taxonomy":"cate_research","embeddable":true,"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/cate_research\/?post=22508"},{"taxonomy":"specialized","embeddable":true,"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/specialized\/?post=22508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}