Analysis Center

MILITARY COMMERCIAL JS BANK (MBB) We lower our 1-year target price by 3.6% to VND27,000/share, due to (1) reducing our target P/E from 8.0x to 6.5x – in line with the historical median to reflect the high interest rate...

The company announced stronger 2Q results driven by the core global IT service segment. The highlight is robust expansion in signed revenue, attributed to longer-term contracts signed. We maintain our EBT projection at VND11,787bn (+16.6% YoY). However, given lower...

2Q2026: Revenue reached VND486 bn, -18% YoY, while NPAT totaled VND104 bn, +285% YoY, slightly below our forecast. 6M2026: NPAT reached VND207 bn, -12% YoY, completing 18% of the company’s target and 23% of ACBS’s 2026 forecast. The company...

2Q2026 and 6M2026 business results were positive and exceeded our forecasts, primarily driven by the recognition of bulk sales transactions at the Green Paradise, Ocean Park 2, and Ocean Park 3 projects. We revised up our 2026 NPAT forecast...

For the first six months of 2026, accumulated revenue reached VND235 trillion (+62.7% YoY, meeting 74% of the annual plan and 66% of our forecast), while net profit stood at VND2,382 billion (+45% YoY, meeting 84% of the annual...

DEO CA TRAFFIC INFRASTRUCTURE INVESTMENT JSC (HHV VN) HHV’s 2Q2026 and 1H2026 results were broadly in line with our expectations. We maintain our FY2026 forecasts and Buy recommendation, while lowering our target price by 5% to VND15,700/share to reflect...