News · CafeF

Why do many bank stocks trade as cheaply as bunches of greens even though they earn trillions of VND per quarter?

14 of 28 bank stocks tracked were priced below VND 15,000 per share at the November 2 close, and PCB, VAB and PGB were all below their VND 10,000 par value. BVBank posted nine-month pre-tax profit of over VND 825 billion, up 90%, yet its shares closed at VND 10,200. PVcomBank's nine-month pre-tax profit rose 35.2%, but PCB still traded below par. The article attributes the low prices mainly to years of stock dividends and large bonus share issues, which have increased shares outstanding at 27 listed banks from about 40.7 billion units to 108.9 billion. It also notes that Techcombank's reference price fell from VND 33,500 to about VND 21,500 after its 50% stock dividend adjustment on 29 October.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Vì sao nhiều cổ phiếu ngân hàng rẻ ngang bó rau dù lãi nghìn tỷ mỗi quý?

Read the original on CafeF ↗

Keywords

banksdividendsvaluationearningsVietnam

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Related tickers and likely impact

ACB

▲ Likely positive

Asia Commercial Bank

Relevance: low

MarketVietnam stocks
ExchangeHOSE
SectorBanks
Market cap121,893 bn VND
P/E7.6
P/B1.17
Close on 11/02/202620.30
Change that session-3.33%
ACB price, forecasts and signals →

BID

▲ Likely positive

BIDV

Relevance: low

MarketVietnam stocks
ExchangeHOSE
SectorBanks
Market cap259,793 bn VND
P/E8.1
P/B1.37
Close on 11/02/202632.00
Change that session-4.19%
BID price, forecasts and signals →

CTG

▲ Likely positive

VietinBank

Relevance: low

MarketVietnam stocks
ExchangeHOSE
SectorBanks
Market cap235,338 bn VND
P/E5.9
P/B1.20
Close on 11/02/202629.75
Change that session-1.82%
CTG price, forecasts and signals →

EIB

▲ Likely positive

Eximbank

Relevance: low

MarketVietnam stocks
ExchangeHOSE
SectorBanks
Market cap29,990 bn VND
P/E156.9
P/B1.13
Close on 11/02/202616.05
Change that session-0.31%
EIB price, forecasts and signals →

HDB

▲ Likely positive

HDBank

Relevance: low

MarketVietnam stocks
ExchangeHOSE
SectorBanks
Market cap145,754 bn VND
P/E7.6
P/B1.70
Close on 11/02/202621.90
Change that session-2.23%
HDB price, forecasts and signals →

LPB

▲ Likely positive

LPBank

Relevance: low

MarketVietnam stocks
ExchangeHOSE
SectorBanks
Market cap107,841 bn VND
P/E8.9
P/B2.31
Close on 11/02/202634.50
Change that session-4.43%
LPB price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

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