Analysis Center

PetroVietnam Fertilizer and Chemicals Corp (DPM VN) DPM announced its Q4/2024 financial results, with NPAT decreasing sharply by 62% YoY, reaching VND41 billion, lower than our expectations. For the full year 2024, NPAT increased by 12.4% YoY to VND...

SAIGON VRG INVESTMENT JSC (SIP VN) Flat 4Q2024 and positive 2024 results mainly thanks to growth in the power &water supply segment and financial income. Industrial park leasing in 2024 improved significantly compared to 2023. Keep 2025 forecast and...

PetroVietnam Power Corporation (HoSE: POW) POW announced Q4/2024 results with VND8,493 bn in revenue, +25.0% YoY, and VND186 bn in NPATMI, -37.2% YoY. In 2024, total revenue reached VND30,180 bn, +6.5% YoY, and NPATMI was VND1,252 bn, +20.6% YoY,...

NAM LONG INVESTMENT CORPORATION (NLG VN) NLG recorded impressive growth in 4Q2024 mainly driven by delivery at Akari project. We maintain our 2025 forecast and FY2025 target price at VND46,400/share. Reiterate our Buy rating for this stock given our...

PETRO VIET NAM CA MAU FERTILIZER JSC (DCM VN) DCM announced Q4/2024 business results with a sharp decrease of 41.2% YoY in NPAT, reaching VND286 billion, lower than our expectations. For the whole year 2024, NPAT increased by 20.8%...

Nhon Trach 2 Thermal Power JSC (HoSE: NT2) NT2 announced Q4/2024 results with VND1,792 bn in revenue, +48.8% YoY. However, NPAT was only VND64 bn, -70.5% YoY. For 2024, NPAT reached VND72 bn, -84.7% YoY, fulfilling 106% of the...