Asia Commercial Joint Stock Bank, VN000000ACB8

VPBankS keeps VND 25,500 target for Asia Commercial Joint Stock Bank stock

Published on 10/21/2026 at 10:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

VPBankS kept its Buy rating and set a VND 25,500 target on October 9, 2026. Asia Commercial Joint Stock Bank stock posted VND 10.735 trillion in six-month profit.

Profit and credit metrics

VPBankS set a VND 25,500 target for ACB on October 9, 2026.
Six-month 2026 profit reached VND 10.735 trillion, up 0.4 percent year over year.
Credit reached VND 747.530 trillion at the end of quarter two 2026, up 8.6 percent from the start of the year.

Asia Commercial Joint Stock Bank, VN000000ACB8, Illustration mit AI erstellt.

Asia Commercial Joint Stock Bank (VN000000ACB8) had a VND 25,500 price target from VPBankS on October 9, 2026, while six-month pretax profit reached VND 10.735 trillion, up 0.4 percent year over year. As reported by Nguoi Quan Sat, VPBankS kept its Buy rating and forecast full-year 2026 pretax profit of VND 22.870 trillion, up 17.1 percent.

Target follows modest first-half growth

The report placed the target against a subdued first-half earnings comparison. Second-quarter pretax profit was VND 5.367 trillion, down 11.9 percent year over year, partly because the prior-year period included VND 1.000 trillion of unusual income.

VPBankS also lifted its estimate for 2026 provisions from VND 2.762 trillion to VND 3.008 trillion. That adjustment points to credit quality as an important counterweight to the projected profit expansion.

Three target changes in 2026

On January 27, 2026, Jefferies cut its target from VND 32,819 to VND 31,060 while keeping a Buy rating, according to MarketScreener. On August 18, 2026, Saigon Securities downgraded the stock to Market Perform with a VND 25,000 target, the same source reported.

On October 9, 2026, VPBankS set the VND 25,500 target and retained its Buy recommendation, as Nguoi Quan Sat reported.

What does the target mean for earnings?

The forecast depends on credit growth and a recovery in lending margins. At the end of quarter two 2026, total credit including customer loans and corporate bonds stood at VND 747.530 trillion, up 8.6 percent from the start of the year, while VPBankS projected 2026 credit growth of 16.0 percent.

Next dated company event

ACB planned the relocation of its Tran Duy Hung branch for October 26, 2026, with the resolution taking effect on that date, according to MarketScreener.

HOSE price remains the market reference

Asia Commercial Joint Stock Bank stood at VND 20,250.00 on HOSE on October 19, 2026. The gap between that market level and VPBankS target leaves the report centered on earnings delivery, credit expansion and provisioning discipline rather than on the target alone.