Bank deposit rates start inching up 10:41 | 13/03/2021
Bank capital mobilisation activities are showing signs of slowing down while interest rates are starting to move up.
Although deposit interest rates may inch up soon, experts say that lending rates can still continue to decrease thanks to the optimisation of capital mobilisation and bank s digitisation
Since last week, a number of banks such as Techcombank, VPBank, and ACB have raised interest rates by 0.1-0.2 per cent, while they were moving around 0.8 per cent compared to a month ago.
Techcombank has just raised multi-term deposit rates since March with the highest rate of 0.8-0.9 per cent a year, compared to the interest rate schedule at the beginning of February.
DoubleDragon REIT sets final IPO price at P2 25
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Brokerages eye petrochemicals, hemp
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JP Morgan, May Bank selected TCB share as the top pick among Vietnamâs listed banks 19:37 | 02/03/2021
JP Morgan, May Bank selected TCB share as the top pick among Vietnamâs listed banks
In a report, JP Morgan has stated that Vietnamese banks offer the best combination of growth and Return on Equity (ROE) in ASEAN. High nominal GDP growth and resilience in the last 12 months provide visibility on credit and earnings growth over the next few years.
In particular, JP Morgan has reiterated its âoverweightâ rating on Techcombank â Vietnamâs leading commercial lender â with an upbeat outlook on the bankâs performance. The target price for the bankâs share is VND55,000 ($2.4) per share as of December 2021, calculated via JP Morganâs two-stage dividend discount model.
February 18, 2021 | 12:31 am Font Size
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The DDMP real estate investment trust includes the first six completed buildings in DD Meridian Park, located at the Bay Area, Pasay City. COMPANY HANDOUT
DOUBLEDRAGON PROPERTIES Corp. has secured the corporate regulator’s approval to bring public its real estate investment trust (REIT) that aims to raise nearly P15 billion.
In a statement, the Securities and Exchange Commission (SEC) said the Commission en banc “considered favorably” the P14.71-billion initial public offering (IPO) of DDMP REIT, Inc. The shares will be listed on the main board of the Philippine Stock Exchange (PSE), pending compliance with the bourse’s requirements.