Asia Commercial Joint Stock Bank, VN000000ACB8

VPBankS raises ACB forecast. Asia Commercial Joint Stock Bank stock sits 14.47 percent below high

Published on 10/09/2026 at 12:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

VPBankS raised 2026 pretax profit forecast to VND 22.87 trillion on October 9, 2026. Asia Commercial Joint Stock Bank stock was VND 20.40 after VND 20.65.

Key points in brief

VPBankS raised its 2026 pretax profit forecast for Asia Commercial Joint Stock Bank to VND 22.87 trillion.
First-half 2026 pretax profit reached VND 10.74 trillion, up 0.40 percent year over year.
ACB stock was VND 20.40 on HOSE on October 8, 2026, versus a 52-week range of VND 18,754.60 to VND 23,850.00.
Credit growth reached 8.60 percent after six months, while second-quarter pretax profit fell 11.90 percent year over year.

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

VPBankS raised its 2026 pretax profit forecast for Asia Commercial Joint Stock Bank to VND 22.87 trillion from VND 22.80 trillion on October 9, 2026, according to Mekong ASEAN. The revised forecast implies 17.10 percent growth, above the bank's 14.00 percent annual plan.

Three dated developments

On September 17, 2026, HSC maintained a Buy rating and a VND 28,800 price target after ACB's first-half profit reached 48.00 percent of its previous full-year estimate, according to Dautucophieu.net. On October 8, ACB closed at VND 20.40 on HOSE, down VND 0.25 from VND 20.65, with 4,537,800 shares traded. On October 9, VPBankS lifted its full-year forecast while keeping projected 2026 credit growth at 16.00 percent.

What changes in the second half?

The latest earnings picture is mixed. ACB reported VND 10.74 trillion in pretax profit for the first half of 2026, up 0.40 percent year over year, while second-quarter pretax profit fell 11.90 percent to VND 5.37 trillion, according to Mekong ASEAN.

The decline reflected a comparison with roughly VND 1.00 trillion of exceptional income in the second quarter of 2025. Excluding that item, VPBankS estimated second-quarter pretax profit would have increased 11.00 percent.

Credit expansion provides the stronger operating signal. Total credit reached VND 747.53 trillion at the end of the second quarter, up 8.60 percent from the start of 2026, while corporate credit rose 13.60 percent and personal lending increased 4.60 percent.

Margins meet higher provisions

ACB's second-quarter net interest income rose 16.50 percent to VND 7.79 trillion, but non-interest profit fell 47.90 percent to VND 1.36 trillion, according to 24HMoney. Service income was a counterpoint, rising 41.20 percent to VND 825.00 billion.

Provision expense reached VND 1.75 trillion in the first half of 2026, up 60.30 percent year over year. VPBankS consequently lifted its 2026 provision forecast from VND 2.76 trillion to VND 3.01 trillion and raised its year-end non-performing-loan forecast from 0.93 percent to 1.03 percent.

Stock remains below yearly high

ACB's 52-week range was VND 18,754.60 to VND 23,850.00 as of October 9, 2026. The October 8 HOSE price of VND 20.40 stood 14.47 percent below that high, leaving credit growth and provision costs as the key numerical markers for the second half.