Latest News about bank shares
During the “season” of shareholders’ meetings, Vietnamese banks are confident about their plans to increase profits by several trillion dong in 2021. Several banks have set a record growth target of up to 30%-50%.
The capitalization value of some banks has increased by one billion dollars within a short time.
Many commercial banks now pay trillions of dong worth of dividends to shareholders and have completed restructuring after a decade of difficulties. As a result, their share prices are expected to rise.
Following the prosperous year of 2020, commercial banks have devised more ambitious business plans for the new year. Meanwhile, bank share prices have hit a decade high.
During this year’s shareholders’ meeting season, big changes in shareholders’ structure have been made and many bank managers have been replaced.
Bank shares, which saw prices increasing sharply in the last year thanks to banks' good business performance and prospects, have become the "pillar" of the stock market.
A number of commercial banks are shifting to list shares at the HCM City Stock Exchange (HOSE). The presence of high-quality goods is believed to trigger a new price rise in the post-Covid-19 period.
Commercial banks are facing challenges, including an increase in bad debts because of Covid-19 and pressure that has forced them to increase charter capital. But bank shares remain attractive to investors.
Analysts say banking will be one of a few sectors to benefit from Covid-19 as the central bank may loosen the monetary policy to support the economy in crisis.
Despite good business results, 11 out of 17 listed commercial banks saw share prices decrease in the first half of the year.