Analysis Center

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...

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...