Analysis Center

PetroVietnam Drilling and Well Service Corp. (PVD VN)  PVD recorded Q3/2024 business results with profit after tax reaching VND180 billion (+35.2% YoY and +38.5% QoQ), lower than our expectations. Cumulatively, 9M2024 NPAT increased by 34% to VND461 billion, completing...

SAIGON CARGO SERVICE CORPORATION (SCS) SCS announced its Q3/2024 earnings, showing continued positive growth and achieving 86.9% of its annual pre-tax profit target. With these results, SCS is on track to surpass both the revenue and pre-tax profit forecasts...

PC1 GROUP JSC (HoSE: PC1) PC1 reported +0.5% YoY in revenue to VND2,232 bn in Q3/2024, accompanied by +156.4% YoY in NPAT to VND259 bn. Cumulative 9M2024, NPAT reached VND578 bn, +263.5% YoY, completing 110% 2024 company’s plan and...

VIETNAM DAIRY PRODUCTS JSC (VNM VN) The company reported a 5% YoY slide in EAT, contrary to our expectation, largely driven by a narrower gross margin in 3Q2024. We revised down our earnings projections for 2024-2025 by 3% and...

VINCOM RETAIL JSC (VRE VN) A YoY decline in 3Q2024 result was mainly due to a lower number of shophouses delivered. 9M2024 NPAT was in line with our estimation, thus we keep 2024 forecast unchanged. Roll forward target price...

SAIGON VRG INVESTMENT JSC (SIP VN) Positive 3Q2024 and 9M2024 results. Revise estimated 2024 PAT up by 5% given an increase in estimated financial income. Target price at YE2025 is VND95,800/share, up by 12% compared to YE2024 target price...