STB.VN
Hot AirSaigon Treasure Commercial Joint Stock Bank · Financial Services · Vietnam · $5.1B cap · $8.8M/day traded
VND 69,200 +0.0% · close 6 Nov · scored 7 Nov
Score up 2.6 since 6 Nov: Momentum up 5.
Hot Air: Strong momentum and nothing else: weak business, rich price.
As of 7 Nov 2026, the MoatMap Score for Saigon Treasure Commercial Joint Stock Bank (STB.VN) is 30/100, ranked against 25,000+ stocks in 38 markets (Quality 40, Value 23, Momentum 56, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT SAIGON TREASURE COMMERCIAL JOINT STOCK BANK
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Saigon Treasure Commercial Joint Stock Bank provides banking products and services to individual and corporate clients.
FINANCIAL SUMMARY (VND)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 15.6T | 24.8T | 28.9T | 36.0T | 32.1% | 13.4T | 38.2T | 51.4T | 19.4% |
| EPS (VND) | 2,380 | 3,622 | 4,751 | 3,150 | 9.8% | -656.00 | 3,196 | — | 1.5% |
| Shares | 1.9B | 1.9B | 1.9B | 1.9B | 0.0% | 1.9B | — | — | — |
| Debt | 32.8T | 32.9T | 46.5T | 43.7T | 10.1% | 53.4T | — | — | — |
| Equity | 38.6T | 45.7T | 55.0T | 59.9T | 15.7% | — | — | — | — |
| Op CF | 15.5T | 26.8T | 38.4T | 92.5T | 81.2% | -59.1T | — | — | — |
| Inv CF | 1.7T | -1.3T | -1.0T | -764.3B | — | — | — | — | — |
| Fin CF | -11.8B | -37.1B | -1.5T | -3.8T | — | — | — | — | — |
No clear trend: not near its 52-week low, and not in a steady uptrend.
Calmer than 62% of stocks we rank over the past year (volatility 35% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of STB.VN are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| STB.VN | Saigon Treasure Commercial Joint Stock Bank(you) | $5.1B | 30 |
| SSB.VN | Southeast Asia Commercial Joint Stock Bank | $2.0B | 37 |
| BID.VN | Joint Stock Commercial Bank for Investment and Development of Vietnam | $9.8B | 45 |
| LPB.VN | Fortune Vietnam Joint Stock Commercial Bank | $4.2B | 55 |
| VCB.VN | Joint Stock Commercial Bank for Foreign Trade of Vietnam | $17.6B | 43 |
| VBB.VN | Vietnam Thuong Tin Commercial Joint Stock Bank | $563M | 24 |
| CTG.VN | Vietnam Joint Stock Commercial Bank for Industry and Trade | $9.6B | 67 |
| EIB.VN | Vietnam Export Import Commercial Joint Stock Bank | $1.2B | 3 |
| ACB.VN | Asia Commercial Joint Stock Bank | $4.6B | 84 |
| MBB.VN | Military Commercial Joint Stock Bank | $7.6B | 81 |
Peer medians: ROE 13.0% · P/E 10.9x · Gross margin 83.4%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.