CTG – Strong NII outweighs remaining high credit costs – Earnings Flash
  • 31 Jul 2024
  • Company Research
CTG released its H1 2024 results with TOI of VND38.7tn (USD1.5bn; +11% YoY) and PBT of VND13.0tn (USD510mn; +3% YoY), both fulfilling 46% of our FY2024 forecasts. This implies Q2 2024 PBT of VND6.7tn (+9% QoQ; +3% YoY). Overall, CTG’s Q1 2024 earnings wer