Re-evaluating VPB shares after VPBanks IPO

(Chinhphu.vn) - VPBankS has just completed a record IPO of a securities company, raising nearly 12,713 billion VND, bringing its equity to nearly 33,000 billion VND, reaching the top 2. MB Securities (MBS) gave an "Outperform" recommendation for VPB.

At the same time, MBS has adjusted the bank's forecast of after-tax profit in 2025 and 2026 to VND22,785 billion and VND30,099 billion, respectively, up 44.4% and 32.1% year-on-year.

VPBank 's business results forecast - Photo: MBS

Similarly, Maybank Securities also raised its recommendation for VPB; at the same time , it assessed that VPB's momentum comes from strong profit growth in the past 3 quarters, VPBank's IPO and the possibility of issuing strategic shares in the coming period.

ACB Securities (ACBS) has issued an "Outperform" recommendation and raised its target price based on the possibility of revaluing VPBanks' IPO. ACBS expects the deal to bring VPBanks' capitalization to nearly VND64,000 billion and VPB's market capitalization to VND30,577 billion.

VPBank's IPO is seen by VPBank's Board of Directors as a strategic turning point in the journey to realize the goal of becoming a leading financial group. At a recent investor meeting, Ms. Luu Thi Thao, Permanent Deputy General Director and Senior Executive Director, expected the deal to "play a strategic role for VPBankS in particular and the ecosystem in general".

"With the IPO, VPBankS is expected to increase its charter capital to nearly VND20,000 billion, thereby having a solid launching pad to complete its mission," she shared. "Capital strategy is always a prerequisite to achieve VPBank's goals. The deals at FE CREDIT, VPBank and recently the VPBankS IPO help the bank have capital, consolidate its foundation, be ready to welcome opportunities, and realize strategic goals and plans in the 2022 - 2026 period."

Although "born late", VPBankS possesses special advantages that are difficult to copy such as: VPBank - SMBC ecosystem, international capital mobilization capacity, technology platform, management and administration...

Mr. Minh

Source: https://baochinhphu.vn/tai-dinh-gia-co-phieu-vpb-sau-thuong-vu-ipo-vpbanks-102251119202615916.htm