Analysis Center

The company continued to deliver solid business performance in the first months of 2026, as net revenue jumped by c.29% YoY in 1Q and 4M2026 while EAT grew by 78.2% YoY in 1Q. We maintain 2026 EAT projection at...

REE reported Q1/2026 results with VND714 bn in NPATMI, +17% YoY, fulfilling 25% of the company’s target and 26% of ACBS’s forecast for 2026. The positive Q1/2026 performance was driven by revenue and earnings growth across all business segments....

We raise our 12-month target price by 13.7% to VND 50,000/share, mainly driven by an 8% upward revision in EPS and the roll-forward of the target price to mid-2027. Our target price is based on a target P/E of...

Although the company reported stunning EAT growth of 48% YoY driven by a strong sales jump and heightened gross margin in 1Q2026, we revise 2026 EAT projection down by 15% considering potential margin compression in 4Q2026 in view of...

Q1/26 earnings of the banking sector remained resilient despite macro volatility. Specifically: – Q1/26 PBT of 27 listed banks grew 14.2% y/y and declined 3.1% q/q. Banks under our coverage delivered stronger growth of 24.9% y/y, supported by solid...

Gemadept reported strong Q1/2026 results, with NPAT reaching VND650 billion (+23.2% YoY), fulfilling 26% of the company full-year target and 25% of ACBS’s forecast. FY2026 NPAT is expected to maintain solid growth of 15.5% YoY, supported by higher handling...