Analysis Center

FPT recently announced that from Jan 1st, 2026, the company will no longer consolidate FPT Telecom JSC (HOSE: FOX) into FPT’s consolidated financial statements as a subsidiary. Instead, FOX will be recorded as an affiliate, with FPT recognizing its...

The stock price has fallen by 19% since our latest update due to AI disruption concerns in IT services and broader market selling amid Middle East tensions. It now trades at 13.7x 2026F earnings, close to the -2SD level...

In 2026, global fertilizer supplies are predicted to tighten due to geopolitical tensions. The factors include: (1)Domestic demand continues to grow thanks to favorable agricultural products prices, especially for key crops such as rice, coffee, and cashew nuts. In...

VHM’s 2025 business results recorded strong growth, primarily driven by bulk sales transactions at the Vinhomes Green Paradise project. Due to rising interest rates and tighter government control over credit growth in the real estate sector, we reduced our...

HOA SEN GROUP JSC (HSG VN) Hoa Sen Group (HSG, fiscal year (FY): Oct 1, 2025 – Sep 30, 2026) held its 2026 AGM on 03/07/2026 with the following highlights: 2026 Business Plan: HSG adopted a cautious business plan...

KBC’s 2025 business results were in line with projections and showed strong growth compared to 2024, mainly thanks to the handover of 3 industrial clusters in Hung Yen. We maintain our 2026 projections but adjust our end-of-2026 target price...