Analysis Center

VINHOMES JSC (VHM VN) 2023 business results were slightly lower than ACBS’s forecast because project handover in 4Q2023 was not as expected. Reiterate our BUY recommendation with a target price of VND61,400/share at YE2024, down by 8% compared to...

SAIGON VRG INVESTMENT CORPORATION (SIP VN) 2023 result was in line with ACBS’s forecast. Change recommendation from Buy to Outperform as stock price has increased by 40% from the updated report on December 5, 2023. Increase target price by...

VIETNAM TECHNOLOGICAL AND COMMERCIAL JOINT STOCK BANK (TCB) Business results recovered in 2H2023  TCB ended a quite difficult year with a 10.5% decline in profits due to a strong contraction in NIM of 1.28 percentage points to 4.09% and...

IDICO CORPORATION – JSC (IDC VN) 2023 business results are in line with ACBS’s forecast. Reiterate our OUTPERFORM recommendation with a target price up by 16% from the previous target price to VND62,600/share at YE2024 mainly thanks to Tan...

VIETNAM CONTAINER SHIPPING JSC (HSX: VSC) Vietnam Container Shipping JSC (HSX: VSC) experienced the second consecutive quarter of growth with revenue in Q4/2023 reaching VND 625.9 bn (+20.4% YoY). Gross profit reached VND 190.3 bn (+24.8% YoY) with gross...

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