Analysis Center

FPT DIGITAL RETAIL JSC (FRT VN) The company witnessed a considerable shrink in its loss after tax in 3Q2023 against 2Q2023, thanks to improved profit margins of the FPTShop chain, outperforming our projections. We expect the company may return...

Binh Son Refining and Petrochemical Company JSC (UPCoM: BSR)  BSR has announced positive business results for Q3/2023, with a NPAT-MI of VND3,260 billion (+581% YoY and +143% QoQ), exceeding our expectations. Cumulatively for 9M2023, NPAT-MI decreased by 51.8% YoY,...

PHU NHUAN JEWELRY JSC (PNJ VN) The company reported shaky y/y growth in 9M2023 in light of weak consumer spending, completing 69% of the company’s EAT target and 74% of our projections. The decline is expected to narrow in...

PetroVietnam Fertilizer and Chemicals Corp (DPM VN) DPM recorded a sharp decline in the Q3/2023, with revenue reaching VND3,215 billion (-17.2% YoY) and NPAT-MI of VND64 billion (-93.5% YoY, -36.5% q/q), lower than our expectations. Accumulated in 9M2023, NPAT-MI...

Dong Hai Joint Stock Company of Bentre (HSX: DHC)  DHC announced its Q3/2023 results with revenue reaching VND 795bn (-18.1% YoY), gross profit reaching VND107 bn (-15.1% YoY) and NPAT reaching VND 56bn (-12.5% YoY). Accumulated 9M2023, NPAT reached...

VINCOM RETAIL JSC (VRE VN) VRE posted positive result in 3Q2023 with revenue of VND3,333bn (+66.2% YoY) and PAT of VND1,317bn (+65.9% YoY) which were higher than our expectation. The company completed over 70% of revenue and profit targets...