Analysis Center

Novaland (HSX: NVL) held its AGM on 19/4/2022 with the following highlights: NVL set high 2022 targets with revenue of nearly VND36trn (+141% YoY) and PAT of VND6.5trn (+88% YoY) given acceleration of projects delivery, especially Aqua City, NovaWorld...

Saigon Cargo Services Corporation (SCS VN) We reiterate our BUY recommendation with a TP of VND201,400/sh (+20.6% TSR) on the back higher ASP and cargo volume. Events: SCS ended FY2021 with VND839.1bn of revenue (+21.1% YoY) and surpassed our...

Reduced provisioning pressure will be the key driver for strong profit growth of VCB in 2022 For 2022, we expect VCB to maintain NIM at the same level as 2021 thanks to: (1) A sharp increase in interbank interest...

Strong Q1 macro figures set the stage for continued growth in 2022 Macro Outlook Overall, we expect the GDP growth for 2022 to range between 5.8% – 6.9%. Despite many concern of recent events which could slow our growth...

FPT Corporation (HSX: FPT) held the annual general meeting on April 7th, 2022. Here are some key points: 1Q2022 preliminary business results recorded ~26% YoY growth in revenue, to ~VND9,500bn, and 26-28% YoY growth in EBT, to VND1,700-1,800bn. FPT...

DAT XANH GROUP JSC (DXG VN)  We issue a Buy rating on DXG with a target price of VND56,550 given market recovery, land bank expansion and upgrade in selling prices 2021 Overview DXG posted a good result in 2021...