Chủ đề: profit

SSI Research maintains a positive view of Vietnam’s banking industry in 2022. In the first quarter, the industry posted stable pre-tax profit growth thanks to three factors: strong credit growth, stable net interest margins (NIM), and bad debt and restructured loans being well-controlled. It is expected that pre-tax profit in 2022 will increase 24-25 per cent.

Securities in Vietnam’s textile and garment sector increased 111 per cent last year, and the Vietnam Textile and Apparel Association has forecast a positive 2022, with export turnover rising 10 per cent to $43 billion. SSI Research, however, has estimated that most garment manufacturers will see lower gross profit margins compared to 2021 due to high fabric input costs in the first half of the new year.

Stock prices remain quite cheap given anticipated 2021 profits and potential profits in 2022. If businesses can maintain growth of 27 per cent in 2022, stocks will be trading at 13.2-times 2022 profit.

The Mobile World Investment Joint Stock Company (MWG) still recorded a profit of more than VND3 trillion ($131.79 million) despite many stores being closed due to the pandemic.