Analysis Center

PetroVietnam Technical Services Corporation (HNX: PVS) PVS announced business results for Q2/2024, with a NPAT-MI of VND195 billion (-13% YoY and -35.2% QoQ), in line with our expectations. Accumulated 6M2024, NPAT-MI increased by 12.9% YoY, reaching VND495 billion, completing...

Petro Viet Nam Ca Mau Fertilizer JSC (DCM VN) DCM announced business results in Q2/2024 with NPAT-MI of VND569 billion (+97% YoY and +64.3% QoQ), higher than our expectations. Cumulatively, NPAT-MI increased by 69.3% to VND914 billion in 1H2024,...

Gia Lai Electricity JSC (HoSE: GEG) GEG announced Q2/2024 results with revenue increasing slightly by 1.9% YoY to VND488 bn, but gross profit and NPAT plummeted by 18.8% YoY and 83.8% YoYto VND212 bn and VND 1 bn, respectively. ...

Saigon Cargo Service Corporation (HSX: SCS): Positive growth continued in Q2/2024, 1H2024 earnings completed 56.1% of full year business plan. In Q2 2024, SCS maintained strong growth with net sales reaching VND 264.1 bn (+53.4% YoY). This growth was...

BANK FOR FOREIGN TRADE OF VIETNAM (BID) We recommend OUTPERFORM for BID with a 1-year target price of VND54,000/share based on a target P/B of 2.0 times. Business results in the coming quarters are supported by NIM with plenty...

COTECCONS CONSTRUCTION JSC (CTD VN): RESILIENTLY OVERCOMING CHALLENGES Coteccons Construction JSC (CTD VN), a prominent construction firm in Vietnam, has consistently maintained its top position in the fiercely competitive industry. The substantial backlog of signed construction contracts, valued at nearly...