Kafi keeps VND 32,000 target for HDBank stock

Published on 10/13/2026 at 14:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Pretax profit rose 31.00 percent in the first half of 2026. HDBank stock costs VND 23,100.00 on October 13, 2026, up 2.21 percent from VND 22,600.00.

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HDBank, VN000000HDB1, Illustration mit AI erstellt.

Kafi maintained a positive recommendation and a VND 32,000 target for HDBank stock on October 5, 2026, according to BNEWS. Against HDBank's VND 23,100.00 market price, that target implies 38.53 percent upside. HDBank stock stood at VND 23,100.00 on October 13, 2026 at 3:10 p.m. ICT, up 2.21 percent from VND 22,600.00.

Profit growth supports the target

BNEWS reported on October 5, 2026 that HDBank generated first-half 2026 pretax profit of VND 13.20 trillion, up 31.00 percent from the same period a year earlier. The result represented 44.00 percent of the bank's full-year target, giving the analyst case a clear earnings reference.

Kafi projected 2026 credit growth of 31.70 percent and net interest income of VND 40.30 trillion, up 16.00 percent from the prior year, while HDBank's own 2026 pretax profit target was VND 30.10 trillion. The same report placed expected return on equity at 22.00-23.00 percent, but also highlighted asset quality and funding costs as factors that could affect net interest margin.

Stock trades above the yearly range

The latest HOSE quote puts HDBank at VND 23,100.00, with 33,788,100 shares traded by 3:10 p.m. ICT on October 13, 2026. The session gain of 2.21 percent compares with the VND 22,600.00 reference price and gives the move a stronger profile than the 0.66 percent gain shown in an earlier intraday update.

HDBank's market profile lists a forward P/E of 7.58 and a market capitalization of VND 148.0 trillion as of October 13, 2026. The valuation figure gives the VND 32,000 target a measurable market context, while the profit comparison shows that the target is tied to operating growth rather than a price move alone.

HOSE listing and banking profile

Ho Chi Minh City Development Joint Stock Commercial Bank trades on the Ho Chi Minh Stock Exchange under ticker HDB and ISIN VN000000HDB1. Global Banking and Finance Review identifies HDBank as a Vietnamese financials company listed on HOSE in VND.

For investors, the key comparison is the distance between the current quote and Kafi's target, alongside the 31.00 percent first-half profit increase. The combination leaves credit expansion, funding costs and asset quality as the main figures to track in the next reported period.

Market context for HDBank

HDBank is listed on HOSE, where the VN-Index closed at 1,720.98 points on October 12, 2026 after falling 14.11 points, according to Vietnam News. The index comparison provides a broader market backdrop for the bank's October 13 price move.