{"id":301539,"date":"2025-07-10T22:23:44","date_gmt":"2025-07-10T22:23:44","guid":{"rendered":"https:\/\/pocketoption.com\/blog\/news-events\/data\/stb-stock-assessment\/"},"modified":"2025-07-10T22:23:44","modified_gmt":"2025-07-10T22:23:44","slug":"stb-stock-assessment","status":"publish","type":"post","link":"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/trading\/stb-stock-assessment\/","title":{"rendered":"STB stock analysis with exclusive in-depth research, real market data, and immediate profit-generating investment strategies from Pocket Option – an essential tool for smart investors"},"content":{"rendered":"
<\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":50,"featured_media":193349,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20],"tags":[47,28,45],"class_list":["post-301539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trading","tag-beginner","tag-investment","tag-stock"],"acf":{"h1":"The in-depth STB stock analysis below will help you accurately understand the influencing factors, identify ideal entry points, and build effective investment strategies.","h1_source":{"label":"H1","type":"text","formatted_value":"The in-depth STB stock analysis below will help you accurately understand the influencing factors, identify ideal entry points, and build effective investment strategies."},"description":"Pocket Option: Comprehensive STB Stock Analysis","description_source":{"label":"Description","type":"textarea","formatted_value":"Pocket Option: Comprehensive STB Stock Analysis"},"intro":"Sacombank's STB stock has been generating much debate among Vietnamese investors with strong price movements in the recent quarter. The in-depth analysis of STB stock below will help you accurately grasp the influencing factors, identify ideal entry points, and build effective investment strategies in the face of upcoming market fluctuations.","intro_source":{"label":"Intro","type":"text","formatted_value":"Sacombank's STB stock has been generating much debate among Vietnamese investors with strong price movements in the recent quarter. The in-depth analysis of STB stock below will help you accurately grasp the influencing factors, identify ideal entry points, and build effective investment strategies in the face of upcoming market fluctuations."},"body_html":"

Overview of Sacombank (STB) and its current position on HOSE<\/h2><\/div>

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) with the stock code STB is not only one of the oldest commercial joint stock banks in Vietnam (established in 1991) but also the bank that has undergone the most rigorous restructuring process after merging with Southern Bank in 2015.<\/p><\/div>

With a network of 424 transaction points spanning 48 provinces and cities and a market share of over 4% of the banking industry's total assets, STB is currently in the final stage of its 2016-2025 restructuring roadmap, creating a foundation for strong breakthroughs in the future. This makes STB stock analysis a hot topic in the investment community.<\/p><\/div>

Core indicators<\/th>Q2\/2024 figures<\/th>Year-on-year comparison<\/th><\/tr><\/thead>
Total assets<\/td>597,328 billion VND<\/td>+12.3%<\/td><\/tr>
Owner's equity<\/td>47,613 billion VND<\/td>+8.7%<\/td><\/tr>
Non-performing loan ratio (NPL)<\/td>1.41%<\/td>-0.31%<\/td><\/tr>
Closing price (30\/09\/2024)<\/td>28,450 VND<\/td>+17.2%<\/td><\/tr>
Market capitalization<\/td>53,652 billion VND<\/td>+17.2%<\/td><\/tr><\/tbody><\/table><\/div><\/div>

On HOSE, STB is among the bank stocks with the highest liquidity, with an average trading volume of 15-20 million shares per session. Pocket Option's analysts consider this an advantage for short-term trading strategies while also helping to reduce liquidity risk for medium to long-term investors.<\/p><\/div>

Fundamental analysis of STB stock: Growth potential after restructuring<\/h2><\/div>

Looking deeper into Sacombank's financial picture, we see positive signs from the balance sheet \"cleaning\" process. Specifically, non-performing loans have decreased significantly from 6.68% in 2016 (the beginning of restructuring) to 1.41% in Q2\/2024. This is an important foundation for analyzing STB stock in the upcoming period.<\/p><\/div>

Analysis of STB financial reports: Clear signs of transformation<\/h3><\/div>

The business results for the first 6 months of 2024 show improvements that exceed market expectations. Profit before tax reached 3,214 billion VND, up 32.8% compared to the same period last year. Notably, the cost-to-income ratio (CIR) decreased from 53.4% to 46.8%, reflecting significantly improved operational efficiency.<\/p><\/div>

Financial indicators<\/th>H1\/2023<\/th>H1\/2024<\/th>% Change<\/th><\/tr><\/thead>
Net interest income<\/td>9,327 billion VND<\/td>11,653 billion VND<\/td>+24.9%<\/td><\/tr>
Non-interest income<\/td>3,162 billion VND<\/td>3,734 billion VND<\/td>+18.1%<\/td><\/tr>
Provision expenses<\/td>2,817 billion VND<\/td>2,345 billion VND<\/td>-16.8%<\/td><\/tr>
Profit before tax<\/td>2,420 billion VND<\/td>3,214 billion VND<\/td>+32.8%<\/td><\/tr>
ROA<\/td>0.83%<\/td>1.08%<\/td>+0.25%<\/td><\/tr><\/tbody><\/table><\/div><\/div>

A special feature in Sacombank's business model compared to other banks is the high proportion of non-interest income, accounting for 24.3% of total income. This is a factor that helps STB have better resilience against interest rate fluctuations. Pocket Option's in-depth analysis tools help investors easily compare these indicators with industry averages.<\/p><\/div>

Valuation metrics<\/th>STB<\/th>VCB<\/th>TCB<\/th>MBB<\/th>Industry average<\/th><\/tr><\/thead>
P\/E (TTM)<\/td>10.2<\/td>16.8<\/td>9.3<\/td>8.7<\/td>11.5<\/td><\/tr>
Current P\/B<\/td>1.12<\/td>2.87<\/td>1.24<\/td>1.31<\/td>1.57<\/td><\/tr>
EPS (VND)<\/td>2,789<\/td>4,892<\/td>5,217<\/td>4,346<\/td>4,163<\/td><\/tr>
BVPS (VND)<\/td>25,303<\/td>29,138<\/td>32,756<\/td>28,904<\/td>29,126<\/td><\/tr><\/tbody><\/table><\/div><\/div>

With a P\/B of only 1.12 times, significantly lower than the industry average (1.57 times), STB stock is attractively valued in the context of the restructuring process being in its final stages. In particular, Pocket Option provides exclusive analytical reports on STB's upside potential after completing restructuring, crucial information for long-term investment strategies.<\/p><\/div>

Technical analysis of STB: Important chart patterns<\/h2><\/div>

Examining the STB price chart over the past 12 months reveals notable technical patterns, especially the ascending triangle pattern in Q3\/2024. The technical analysis of STB stock shows strong breakout potential in Q4\/2024 if it can surpass the strong resistance level at 29,500 dong.<\/p><\/div>

Price patterns and trading signals<\/h3><\/div>

Notably, STB formed a double bottom pattern in July-August 2024 with the first bottom at 21,300 dong and the second bottom at 21,800 dong, followed by a strong breakout with a surge in volume. Currently, the price is in a medium-term uptrend, with the MA50 crossing above the MA200, forming a \"Golden Cross\" - a very positive technical signal.<\/p><\/div>

Fibonacci Retracement analysis shows that STB's key support levels are at 25,700 dong (38.2% level) and 24,100 dong (50% level). Meanwhile, strong resistance levels are at 29,500 dong and 32,800 dong - the historical peak area from 2018.<\/p><\/div>