Analysis Center

REE CORPORATION (HOSE: REE) We forecast that the shift in the meteorology cycle from El Nino to La Nina in 2024 will support the business results of REE’s energy segment, which contributes 47.0% of REE’s revenue and 42.9% of...

VIETNAM TECHNOLOGICAL AND COMMERCIAL JOINT STOCK BANK (TCB) We raise target price to VND49,000/share due to Q1/24 business results being more positive than expected but maintain our NEUTRAL recommendation because TCB stock price has increased 18.9% since our last...

MOBILE WORLD INVESTMENT CORP (MWG VN) The company’s profitability enhanced much better than our expectations in 1Q2024, mostly driven by a rebound in TGDD & DMX’s gross margin and BHX narrowing loss. We revise up our EAT projection by...

SAIGON VRG INVESTMENT CORPORATION (SIP VN) 1Q2024 business results were in line with ACBS’s forecast. Reiterate Outperform recommendation. However, we adjusted the target price at YE2024 up by 9% to VND102,300/share, equivalent to a 13% expected share price return...

COTECCONS CONSTRUCTION JSC (CTD VN) In the third quarter of the fiscal year (January 1, 2024 – March 31, 2024), CTD achieved positive business outcomes. The company’s revenue reached nearly VND4.7 trn (+49% YoY). The construction sector which accounted...

PetroVietnam Gas Joint Stock Corporation (GAS VN) GAS announced Q1/2024 business results with net profit of VND2,511 billion (-25% YoY), quite similar to our expectations. With this result, GAS completed 43.8% of 2024 plan and 24.8% of our forecast....