Vietcap cuts target to VND 48,800 for VietinBank stock, 61.86 percent above price

Published on 10/16/2026 at 15:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half profit hit VND 20,744 billion, 60.90 percent of plan. VietinBank stock costs VND 30,150.00 on October 16, 2026, up 1.17 percent on HOSE.

Target and earnings figures

Vietcap lowered its target from VND 50,000.00 to VND 48,800.00 on September 24, 2026.
First-half 2026 net profit reached VND 20,744 billion, equal to 60.90 percent of the full-year plan.
VietinBank stock stood at VND 30,150.00 on HOSE on October 16, 2026 at 11:30 a.m. ICT, up 1.17 percent from the prior close.
The 52-week range was VND 28,400.00 to VND 42,839.00 on October 15, 2026.

VietinBank, VN000000CTG7, Illustration mit AI erstellt.

Vietcap cut its VietinBank target from VND 50,000.00 to VND 48,800.00 on September 24, 2026, according to Stockbiz. The target stood 61.86 percent above the HOSE price. VietinBank stock stood at VND 30,150.00 on October 16, 2026 at 11:30 a.m. ICT, up 1.17 percent from the prior close.

First-half profit reaches VND 20,744 billion

VietinBank's first-half 2026 net profit reached VND 20,744 billion, equal to 60.90 percent of its full-year plan, Baomoi reported on September 23, 2026. Net interest income reached VND 40,116 billion in the first half, up 28.10 percent from the same period of 2025. The figures give the target revision a stronger earnings backdrop, although they do not remove the valuation gap implied by the analyst target.

Stock sits above its 52-week low

The stock's 52-week range was VND 28,400.00 to VND 42,839.00 on October 15, 2026. The October 16 price was 6.16 percent above the low and 29.62 percent below the high. That placement makes the lower end of the range a relevant market marker, while the target remains materially above the current quotation.

Profit forecast meets a credit constraint

Vietcap forecast 2026 pretax profit at VND 52,180 billion and projected loan growth of 12.00 percent, below the 15.70 percent recorded in 2025, according to Stockbiz. The report also put projected 2026 net interest margin at 2.85 percent, versus 2.70 percent in its previous forecast. For investors, the central tension is numerical: earnings estimates improved, but the target cut and slower projected loan growth keep the market comparison cautious.

What the numbers leave investors

VietinBank combines a first-half profit run rate above 60 percent of its annual plan with a share price only 6.16 percent above its 52-week low. The VND 48,800.00 target therefore offers a clear benchmark for judging whether stronger core income can outweigh slower balance-sheet expansion.