HDB_2Q23 Analyst Meeting

HDB posted 2Q23 PATMI of VND2.2 tn (+3% QoQ/+4% YoY). 1H23 PATMI was VND4.2 tn (+6% YoY), fulfilling 42% of both the bank’s full-year target and our forecast. Income from trading/investment securities jumped by +11x QoQ/+91x YoY, which was the key driver to earnings. While provisioning costs jumped by +50% QoQ/+86% YoY in 2Q23.

For the complete report, please access here: HDB_2Q23_Analyst Meeting

Analyst: Tanh Tran, tanh.tran@yuanta.com.vn