Tien Phong Commercial Joint Stock Bank, VN000000TPB0

MBS sets VND 16,600 target for TPBank stock

Published on 10/08/2026 at 11:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MBS forecasts 12.90 percent pretax profit growth for 2026. For TPBank stock, VND 500 cash is due October 14, 2026 with 15.00 percent in shares.

Tien Phong Commercial Joint Stock Bank, VN000000TPB0, Illustration mit AI erstellt.

MBS had set a VND 16,600 target for Tien Phong Commercial Joint Stock Bank stock on October 5, 2026, implying 39.50 percent upside. The report gives investors two competing signals: double-digit profit growth is expected, while funding costs keep pressure on margins.

MBS targets higher profit

According to 24HMoney on October 5, 2026, MBS maintained a positive recommendation and set the target at VND 16,600. MBS forecast pretax profit of VND 10,422 billion in 2026 and VND 11,843 billion in 2027, representing growth of 12.90 percent and 13.60 percent, respectively.

The same report projected credit growth of 14.80 percent in 2026 and 13.50 percent in 2027, supported mainly by small and medium-sized enterprise lending and a selective recovery in retail credit. It also forecast net interest margin at 2.90 percent in 2026 and 2.80 percent in 2027 as funding costs remain elevated.

Second quarter profit improved

24HMoney reported net interest income of VND 3,634.2 billion for the second quarter of 2026, up 15.30 percent from the second quarter of 2025. Pretax profit reached VND 2,377.5 billion in the same period, an increase of 16.70 percent, while net income rose 12.20 percent to VND 1,827.6 billion.

That combination explains the analyst case: earnings growth remained positive even as the projected margin declined. Credit costs are expected to stay near 1.00 percent in 2026 and 2027, making asset quality and provisioning important counterweights to the growth forecast.

Dividend payment is scheduled

VSDC confirmed that holders receive a VND 500 cash dividend per share on October 14, 2026. The distribution equals 5.00 percent of par value, while the stock dividend gives 15 new shares for every 100 shares held.

The record date was October 5, 2026, and the stock dividend represents 416,107,030 new shares. For investors assessing the VND 16,600 target, the key tension is clear: projected profit growth must offset pressure on net interest margin and funding costs.

HOSE quote stays at VND 11.80

The HOSE quote stood at VND 11.80 on October 7, 2026, unchanged in the displayed session. Tien Phong Commercial Joint Stock Bank is listed on HOSE under ticker TPB, in the financials sector.