Analysis Center

1Q2026 profit increased sharply mainly thanks to a goodwill gain of VND285 bn from the acquisition of the An Lap project. We adjust our projected NPATMI upwards by 18% to VND1,489 bn (+42% YoY) to reflect the aforementioned profit....

PVT reported Q1/2026 results with NPAT reaching VND 387 billion (+39.8% YoY and +12.3% QoQ), in line with our expectations. With this result, PVT has completed 32.3% of its full-year target. We recommend BUY with a target price of...

GEG announced Q1/2026 results, reporting VND767 bn in revenue, -31% YoY, VND264 bn, -57% YoY. These results fulfilled 69% of the company’s plan and 60% of ACBS’s forecast for 2026. The first quarter is typically GEG’s strongest quarter of...

1Q2026 revenue and NPAT were flat, while NPATMI dropped 37% YoY due to an increase in minority interests. Sales performance remained positive despite the high-interest-rate environment. We revised our 2026 revenue forecast up by 10% and NPATMI up by...

NT2 reported Q1/2026 result with VND2,172 bn in revenue, +52% YoY, and VND180 bn in NPAT, nearly five times YoY. This performance fulfilled 33% of the company’s current plan and 25% of ACBS’s forecast for 2026. The strong results...

QTP reported its Q1/2026, with VND2,734 bn in revenue, -4% YoY, VND197 bn in NPAT, +14% YoY. On Apr 22nd, 2026, QTP successfully held its AGM and approved a revised 2026 plan, which is lower than the company’s initial...