What’s going on? HSBC posted better-than-expected quarterly earnings It admitted it’ll need to start expanding into Asia sooner. What does that mean? HSBC has had two big challenges lately: it’s been making less from lending due to ultra-low interest rates, while simultaneously having to set aside enough cash for bad debt allowances; Even though last quarter’s…
Tag: banking
Journal Report 28: Vietnam’s Mobile money outlook
What’s going on here? Mobile money definition Simply put, imagine that you have reached the payment step for your online shopping experience, and instead of going through multiple verification steps for your bank account to confirm the payment/transfer the money, you only have to click one button on your phone to do the same thing….
Journal Report 27: Vietnam’s Banking digitalization trend
2020 has seen many banks performing digitalization in Vietnam. I’ll summarize my understanding of the implications of this trend. Increase Customer experience Imagine us having to drive to a physical bank branch, park the bike, wait in queue for hours, just to do something super simple (e.g: bank account sign up, borrowing), we would appreciate…
Journal Report 25: Vietnam Banks report Summary
Summary of Vietnam Banks report by JPMorgan published on Dec 14, 2020 Investment thesis Increasing EPS and PT EPS change: driven by lower provisions & higher volume growth thanks to higher GDP. PT increase: broadly following the EPS shifts. Foreign Ownership Limit (FOL) gap Banks have set at 22-23%, below the regulatory limit of 30%…
Ep 96: Billion-dollar businesses: 31 names accounting for 72% of Vietnam’s stock market cap, banks group surpasses VinGroup
What’s going on here? Not long ago, the number of enterprises with billion-dollar capitalization on Vietnam’s stock market could only be counted on fingers, but with the growth of the stock market, combined with a series of big names simultaneously listing, that number increases sharply. As of January 22, 2020, on all 3 exchanges HoSE,…
with HT 