Analysis Center

In 2026, global fertilizer supplies are predicted to tighten due to geopolitical tensions. The factors include: (1)Domestic demand continues to grow thanks to favorable agricultural products prices, especially for key crops such as rice, coffee, and cashew nuts. In...

VHM’s 2025 business results recorded strong growth, primarily driven by bulk sales transactions at the Vinhomes Green Paradise project. Due to rising interest rates and tighter government control over credit growth in the real estate sector, we reduced our...

HOA SEN GROUP JSC (HSG VN) Hoa Sen Group (HSG, fiscal year (FY): Oct 1, 2025 – Sep 30, 2026) held its 2026 AGM on 03/07/2026 with the following highlights: 2026 Business Plan: HSG adopted a cautious business plan...

KBC’s 2025 business results were in line with projections and showed strong growth compared to 2024, mainly thanks to the handover of 3 industrial clusters in Hung Yen. We maintain our 2026 projections but adjust our end-of-2026 target price...

The company announced 131% YoY growth in EBT to VND1,219bn in 2025, meeting 109% of our projection, and targets 27% YoY growth in 2026. We revise 2026 EBT projection up by 16% to VND1,626bn (+33.4% YoY) as a result...

The company announced 89.5% YoY growth in EAT to VND7,076bn in 2025, meeting 108% of our projection, and continues to target a strong upturn of 30% YoY in 2026 by boosting all major chains. We revise 2026 EAT projection...