Analysis Center

IDICO CORPORATION – JSC (IDC VN) A decline in 1H2025 business results was mainly due to a lower ​​delivered industrial land area. Maintain our 2025 forecast and adjust YE2025 target price down by 6% to VND47,400/share mainly due to...

FPT CORPORATION (FPT VN)   The moderate revenue growth in 2Q was largely driven by a slowdown in global IT services, while the telecom segment continued to underpin EBT. We maintained our EBT growth projection for the company at...

PetroVietnam Technical Services Corporation (HNX: PVS)   PVS announced Q2/2025 earnings with NPAT reaching VND319 billion (+52.6% YoY and +6.6% QoQ), in line with our expectations. Cumulatively for 6M2025, NPAT increased by 20.4% YoY to VND619 billion, achieving 79%...

LIZEN JSC (LCG VN) Lizen JSC (HOSE: SZC) held its 2025 EGM on 08/14/2025 with the following highlights: Capital Raising Plan: LCG plans to raise VND1,000 bn via a private placement of 100 mn shares (equivalent to 51.2% of...

DEO CA TRAFFIC INFRASTRUCTURE INVESTMENT JSC (HHV VN)   In 1H2025, HHV recorded revenue of VND1,682 bn (+11.9% YoY) and NPAT of VND324 bn (+40.7% YoY), fulfilling 46% and 58% of targets and achieving 44% and 57% of ACBS’s...

MILITARY COMMERCIAL JS BANK (MBB)   We raise our target price for MBB by 40% to VND 27,700/share, driven by an increase in our target P/E multiple from 6.5x to 8.0x to reflect a clear recovery in asset quality,...