Analysis Center

DUC GIANG CHEMICALS GROUP JSC (DGC VN) DGC announced Q3/2024 business results with NPAT reaching VND738 billion (-8% YoY and -15.2% QoQ), lower than our expectations. Cumulatively, NPAT decreased by 7.3% YoY to VND2,322 billion in 9M2024, fulfilling 74.9%...

DEO CA TRAFFIC INFRASTRUCTURE INVESTMENT JSC (HHV VN) HHV stands as a leading enterprise in Vietnam’s infrastructure construction sector, specializing in Build-Operate-Transfer (BOT) projects and the maintenance of road tunnels. Given HHV’s extensive experience in executing projects with a...

FPT CORPORATION (FPT VN) The company sustained healthy growth in 9M2024 driven by solid performance of the global IT services segment. Looking forward to 2025, the vigorous outlook persists given 23% YoY EBT growth. Maintain an OUTPERFORM rating with...

NAM LONG INVESTMENT CORPORATION (NLG VN) In 3Q2024, NLG recorded an after-tax loss of VND40 bn mainly due to lower profit shared from Mizuki JV. NPATMI in 9M2024 was VND15bn, completing only 3% of company target and 3% of...

Nhon Trach 2 Thermal Power JSC (HoSE: NT2) NT2 announced a more positive Q3/2024 result compared to the 1H2024 results. Revenue reached VND1,712 bn, +109.8% YoY, while NPAT reached VND44 bn. However, cumulative 9M2024, NPAT amounted to VND8 bn,...

Quang Ninh Thermal Power JSC (Upcom: QTP) QTP announced Q3/2024 results with revenue of VND2,386 bn, -4.8% YoY, VND113 bn in gross profit, +82.3% YoY, and VND76 bn in NPAT, surged by 6.3 times YoY. For 9M2024, NPAT amounted...