Analysis Center

IDICO CORPORATION – JSC (IDC VN) Business result in 3Q2024 was higher than our expectation, thus we adjust 2024 revenue up by 10% and PBT up by 6%. Our YE2025 target price slightly increased by 2% to VND67,700/share mainly...

PetroVietnam Drilling and Well Service Corp. (PVD VN)  PVD recorded Q3/2024 business results with profit after tax reaching VND180 billion (+35.2% YoY and +38.5% QoQ), lower than our expectations. Cumulatively, 9M2024 NPAT increased by 34% to VND461 billion, completing...

SAIGON CARGO SERVICE CORPORATION (SCS) SCS announced its Q3/2024 earnings, showing continued positive growth and achieving 86.9% of its annual pre-tax profit target. With these results, SCS is on track to surpass both the revenue and pre-tax profit forecasts...

PC1 GROUP JSC (HoSE: PC1) PC1 reported +0.5% YoY in revenue to VND2,232 bn in Q3/2024, accompanied by +156.4% YoY in NPAT to VND259 bn. Cumulative 9M2024, NPAT reached VND578 bn, +263.5% YoY, completing 110% 2024 company’s plan and...

VIETNAM DAIRY PRODUCTS JSC (VNM VN) The company reported a 5% YoY slide in EAT, contrary to our expectation, largely driven by a narrower gross margin in 3Q2024. We revised down our earnings projections for 2024-2025 by 3% and...

VINCOM RETAIL JSC (VRE VN) A YoY decline in 3Q2024 result was mainly due to a lower number of shophouses delivered. 9M2024 NPAT was in line with our estimation, thus we keep 2024 forecast unchanged. Roll forward target price...