Tien Phong Commercial Joint Stock Bank, VN000000TPB0

MBS sets VND 16,600 target for Tien Phong Commercial Joint Stock Bank stock

Published on 10/09/2026 at 12:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter pretax profit rose 16.70 percent to VND 2.38 trillion. MBS targets Tien Phong Commercial Joint Stock Bank stock at VND 16,600.

MBS set a VND 16,600 target for Tien Phong Commercial Joint Stock Bank stock on October 5, 2026.
Second-quarter pretax profit rose 16.70 percent year over year to VND 2.38 trillion.
The last HOSE quote was VND 11,600.00 on October 8, 2026, while the 52-week range was VND 11,550.00 to VND 16,604.55.
TPBank will pay a VND 500.00 cash dividend on October 14, 2026, alongside a 15.00 percent share dividend.

Tien Phong Commercial Joint Stock Bank, VN000000TPB0, Illustration mit AI erstellt.

MBS set a VND 16,600 target for Tien Phong Commercial Joint Stock Bank stock on October 5, 2026, while the last HOSE quote stood at VND 11,600.00 on October 8. The report implies a 43.10 percent gap above that quote and identifies credit growth as the main earnings driver.

Three figures trace TPBank's capital path

On June 30, 2026, second-quarter pretax profit reached VND 2.38 trillion, up 16.70 percent year over year, according to Nhip Song Kinh Doanh. On September 10, TPBank received approval to increase charter capital by VND 4.16 trillion through more than 416.10 million dividend shares, the same source reported. On October 5, 24HMoney published MBS's VND 16,600 target and its 12.90 percent 2026 pretax-profit growth forecast.

What could limit the forecast?

MBS expects 2026 credit growth of 14.80 percent and 2027 growth of 13.50 percent, with small and medium-sized businesses providing much of the expansion. The same report projects net interest margin at 2.90 percent in 2026 and 2.80 percent in 2027 because funding costs remain elevated.

The second-quarter figures show both sides of that outlook. Net interest income increased 15.30 percent year over year to VND 3.63 trillion, while credit-provision expense fell 6.10 percent, according to MoneyF. At the same time, six-month credit growth reached 10.50 percent, above the sector average of 7.41 percent, while customer deposits rose 3.20 percent to VND 288.00 trillion.

Dividend dates add a near-term marker

TPBank is scheduled to pay VND 500.00 per share in cash on October 14, 2026, with a 15.00 percent stock dividend, according to VSDC. Yahoo Finance lists October 29, 2026 as the estimated earnings date for TPB.VN, alongside a forward dividend yield of 4.24 percent.

HOSE quote stays near yearly low

TPB stood at VND 11,600.00 at 2:45 p.m. Vietnam time on October 8, 2026, down 1.69 percent from VND 11,800.00. Its 52-week range was VND 11,550.00 to VND 16,604.55, and market capitalization was VND 37.0 trillion on the same date. The valuation case therefore depends on whether credit expansion can offset the pressure from funding costs and the lower projected net interest margin.