About this document
TechcomBank 1Q23 Earnings Overview by Linh Nguyen is a document available to read on EtoBox.
TechcomBank (TCB) reported dull 1Q23 results with profit falling 17% year-over-year due to net interest margin compression from rising costs of funds. Credit growth was strong at 9% driven by loans to the real estate sector, however net interest margin fell 35 basis points. The bank maintained its buy rating and target price, as TCB is trading at a discount to peers on a price to book valuation basis.
- Author
- Linh Nguyen
- Language
- EN