Kafi keeps VND 32,000 target for HDBank stock

Published on 10/14/2026 at 12:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Profit reached VND 13,200 billion in first-half 2026, up 31.00 percent. HDBank stock costs VND 23,200 on October 14, 2026, up 0.43 percent.

Kafi confirms target outlook

Kafi maintained a VND 32,000 target for HDBank stock on October 13, 2026.
HDBank reported VND 13,200 billion in first-half 2026 pretax profit, up 31.00 percent year on year.
HDBank stock costs VND 23,200 at 10:41 a.m. ICT on October 14, 2026, up 0.43 percent versus the HOSE close of October 13, 2026.
VPBankS projected VND 5,529 billion in third-quarter 2026 net profit, up 45.50 percent year on year.

HDBank, VN000000HDB1, Illustration mit AI erstellt.

Kafi maintained a VND 32,000 target for HDBank stock on October 13, 2026, leaving the target 37.93 percent above the VND 23,200 share price. According to Nguoi Quan Sat, Kafi also retained an optimistic rating and based its view on expected credit growth and a high return on equity.

Kafi target stays at VND 32,000

The target is the clearest valuation marker for HDBank in the latest coverage. Kafi projected 2026 credit growth of 31.70 percent, while HDBank's own 2026 plan calls for 37.00 percent credit growth and pretax profit above VND 30,100 billion, the report said.

First-half profit reaches VND 13,200 billion

HDBank reported first-half 2026 pretax profit of VND 13,200 billion, up 31.00 percent from the same period a year earlier and equal to 44.00 percent of its full-year plan. The comparison gives the target a fundamental anchor, but the same coverage also identifies asset quality and funding costs as factors that could affect net interest margin.

Third-quarter forecast reaches VND 5,529 billion

VPBankS projected HDBank's third-quarter 2026 net profit at VND 5,529 billion, up 45.50 percent year on year. As Stockbiz reports, the estimate assumes support from credit expansion and additional fee income after HDS was consolidated from the second quarter.

Valuation and market position

HDBank stock was quoted at VND 23,200 on HOSE at 10:41 a.m. ICT on October 14, 2026, up 0.43 percent versus the HOSE close of October 13, 2026. The same quote page listed market capitalization at VND 150.96 trillion, P/E at 7.75 and trading volume at 7,212,900 shares.

That market value places HDBank among Vietnam's largest private banks by capitalization. The price was also above the VND 23,100 reference level shown for the session, while the VND 32,000 Kafi target implies a materially higher valuation level than the latest HOSE quote.

Price and market context

HDBank stock cost VND 23,200 on HOSE at 10:41 a.m. ICT on October 14, 2026, up 0.43 percent versus the HOSE close of October 13, 2026. The market capitalization stood at VND 150.96 trillion on the same date.

Market context: Current market reports.