Analysis Center

PetroVietnam Fertilizer and Chemicals Corp (DPM VN) For the 1H2024, DPM reported a NPAT of VND503 billion (+37% YoY), fulfilling 92.8% of the company’s annual target—traditionally set at a very conservative level—and 65% of our forecast. Specifically, Q2/2024 contributed...

VIETNAM INTERNATIONAL COMMERCIAL JS BANK (VIB) We downgraded from BUY to OUTPERFORM on VIB, following a 16,1% appreciation in the stock price since our last report. Our 1-year target price of VND19,000/share is based on target P/E and P/B...

MOBILE WORLD INVESTMENT CORP (MWG VN) The company’s 1H2024 results were fostered by not only a rebound in TGDD & DMX’s performance but also the fact that BHX started to make profit. In addition, the company continues to refine...

Dong Hai Ben Tre JSC (HoSE: DHC) For the 1H2024, DHC only reached a NPAT of VND116 bn, -34.8% YoY, completing 38.7% of the 2024 plan and 37.5% of ACBS’s forecast. However, due to the stabilization of shipping costs,...

KHANG DIEN HOUSE TRADING AND INVESTMENT JSC (KDH VN) 1H2024 NPAT declined mainly due to a lower gross margin, fines and compensation costs. However, we revise up 2024 NPAT by 14% to VND925 bn (+27% YoY) after including realized...

FPT DIGITAL RETAIL JSC (FRT VN) While the FPT Shop chain has yet regained ground, Long Chau sustained solid performance despite investments in vaccination centres, nurturing a positive revision in our EBT projection for 2024 by 53% compared to...