Analysis Center

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...

DUC GIANG CHEMICALS GROUP JSC (DGC VN) Falling Phosphorus price led to worse-than-expected result but showing signs of recovery Ending 6M2024, DGC recorded a top line of VND4,889 bn (-1% YoY) and a NPAT of VND1.574 bn (-7% YoY),...

FPT CORPORATION (FPT VN) The company sustained healthy growth in 1H2024 driven by solid performance of the global IT services segment. Looking forward to 2025, the vigorous outlook persists given 20% YoY EBT growth. Maintain an OUTPERFORM rating with...

VINHOMES JSC (VHM VN) A moderate 1H2024 result was due to variance in project delivery timing. However, we adjust 2024 NPAT up by 2% to VND35.1 trn mainly thanks to higher profit from Vinhomes Royal Island. We revise target...

PetroVietnam Power Corporation (HoSE: POW) For 6M2024, POW reported VND666 bn in NPAT, – 18.6% YoY, completing 80.8% of the 2024 plan.  Due to the end of the El Nino meteorological cycle and the shift to neutral/La Nina conditions...

Hai An Transport & Stevedoring JSC (HSX: HAH) HAH’s BOD approved a resolution on September 18, 2024, with the following key updates: (1) The company revised its 2024 business plan, increasing total revenue by 19% from VNDbn 3,326 to...