Analysis Center

NO VA LAND INVESTMENT JSC (NVL VN) We adjust our whole year 2022 forecast to reflect subdued 1Q2022 results amid market challenges and COVID-19 related delays. Reiterate our Hold rating with target price of 83,058  NVL is the second-biggest...

HPG held its AGM on May 24th 2022 with following highlights: The company set 2022 targets at: 160,000 bil.VND  of revenue (+6.7% YoY) and net profit in a range of 25,000 to 30,000 bil.VND (-13% to -27.5% YoY). The...

VINHOMES JSC (VHM VN) Reiterate our Buy rating with target price of VND98,385 given strong pre-sales forecast in 2022 VHM announced 1Q2022 result with net revenue of VND8.9trn (-31% YoY) and PAT of VND4.7trn (-14% YoY), equivalent to 12%...

VIETNAM TECHNOLOGICAL AND COMMERCIAL BANK (TCB) We reiterate our BUY recommendation with a target price of VND63,100 per share. TCB’s long-term outlook remains positive, although the Government’s actions to tighten corporate bond issuances, which could negatively impact TCB’s fee...

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VINH HOAN CORPORATION JSC (VHC VN) Taking advantage from increasing global demand and shortage of supply from Russia VHC posted an outstanding 1Q2022. We reiterate our BUY recommendation with a target price of 112,300 VND/share (27.1% expected total return)....