Analysis Center

FPT Corporation (HSX: FPT) maintained its strong growth momentum with revenue of VND9,730bn (+28.3% YoY) and EBT of VND1,779bn (+27.4% YoY) in 1Q2022, completing c.22% of our full-year projections and c.23% of the company’s full-year targets. All divisions generated...

Vinh Hoan Corp (HSX: VHC) held its AGM on April 20th 2022 with the following highlights: VHC sets a high target for 2022 with VND13,000 bn of revenue (+61.4% YoY) and VND1,600bn of PAT (+45.6% YoY). The company is...

Novaland (HSX: NVL) held its AGM on 19/4/2022 with the following highlights: NVL set high 2022 targets with revenue of nearly VND36trn (+141% YoY) and PAT of VND6.5trn (+88% YoY) given acceleration of projects delivery, especially Aqua City, NovaWorld...

Saigon Cargo Services Corporation (SCS VN) We reiterate our BUY recommendation with a TP of VND201,400/sh (+20.6% TSR) on the back higher ASP and cargo volume. Events: SCS ended FY2021 with VND839.1bn of revenue (+21.1% YoY) and surpassed our...

Reduced provisioning pressure will be the key driver for strong profit growth of VCB in 2022 For 2022, we expect VCB to maintain NIM at the same level as 2021 thanks to: (1) A sharp increase in interbank interest...

Strong Q1 macro figures set the stage for continued growth in 2022 Macro Outlook Overall, we expect the GDP growth for 2022 to range between 5.8% – 6.9%. Despite many concern of recent events which could slow our growth...