Analysis Center

We raise our target price by 2% to VND 39,000 per share by end-2026, based on (1) a target P/E of 8.x and (2) an additional revaluation gain of VND7,400 per share from the IPO and listing of TCX...

TASECO REAL ESTATE INVESTMENT JSC (HSX: TAL) Established in 2009, Taseco Land (TAL) is one of the three main business areas of Taseco Group with the core activities of real estate development while the other businesses of the Group...

We raise our target price by 25% to VND 63,600 per share by end-2026, based on target P/E and P/B of 9.6x and 1.6x, respectively, while projected PBT to grow 20.3% y/y in 2026. Solid growth in core operating...

A decline in 9M2025 business result was mainly due to a lower number of delivered units, as newly launched projects are still in the sales phase and have not yet entered handover. Notably, 9M2025 presales have already surpassed the...

Binh Son Refining and Petrochemical Joint Stock Company (HOSE) In Q3.2025, the company achieved revenue of VND 35,290 billion (+10.5% yoy), net profit reached VND 908 billion (negative VND 1,209 billion in the same period). Accumulated in 9 months...

POW organized an analyst meeting on Nov 27th, 2025, and a site visit to Vietnam’s 1st LNG plants — Nhon Trach 3&4 (NT3&4). Key highlights are as follows: POW will implement 03 capital-raising plan to raise capital for the...