Asia Commercial Bank (ACB : HNX)
Asia Commercial Bank (ACB) is a Vietnam-based financial institution. The Bank provides consumer and corporate banking services, including deposit accounts opening and maintenance, capital and money market activities, corporate and consumer lending, trade financing, treasury services on commodities and foreign exchange, as well as international settlement and clearing. Through its subsidiaries, ACB is also involved in underwriting and portfolio management, corporate advisory, asset management and leasing, together with other investment services. As of December 31, 2007, net interest income and securities investment contributed to 44% and 41.67% of total revenue, respectively; in addition, 50% of loan amount was consumer loans, and 74.32% of lending fund was borrowed by Ho Chi Minh City-based clients. Headquartered in Ho Chi Minh City, the Bank has three subsidiaries engaged in brokerage services, asset management and leasing, together with three affiliated companies.
442 Nguyen Thi Minh Khai St District 3
Ho Chi Minh City, Vietnam
Company website: http://www.acb.com.vn/
ACB25Mar08 : Company Update, Saigon Securities Inc., 25 Mar 2008.
ACB13Jan09 : “Leading among private commercial banks”, Kim Eng Securities, 13 Jan 2009.
ACB9Sep09 : “Reasonably priced!”, Kim Eng Securities Initiate Coverage, 9 Sep 2009.
ACB18Nov09 : Company Update, HCMC Securities, 18 Nov 2009.
ACB17Nov10 : Equity Report, Thang Long Securities, 17 Nov 2010.
ACB15Aug11 : “Prudent, but less attractive”, Kim Eng Securities, 15 Aug 2011.
ACB30Mar12 : AGM Note, VietCapital Securities, 30 Mar 2012.
ACB21May12 : “Reasonably Priced”, Horizon Securities, 21 May 2012.
ACB28Aug12 : “Mr. Nguyễn Đức Kiên arrested”, Phu Hung Securities, 28 Aug 2012.
gold23Oct12 : “Update on gold position and impact on ACB and EIB”, Saigon Securities, 23 Oct 2012.
ACB29Oct12 : “Losses due to gold”, VietCapital Securities, 29 Oct 2012.
ACB13Dec12 : “One-off profit plunge”, Kim Eng Securities, 13 Dec 2012.
ACB20Feb13 : “Gold losses hit earnings”, Vietcapital Securities, 20 Feb 2013.