Analysis Center

BANK FOR INVESTMENT & DEVELOPMENT (BID) We maintain an OUTPERFORM recommendation for BID with a 1-year target price of VND 44,000 per share, based on target P/E and P/B ratios of 12.7x and 1.7x, respectively. 2025’s profit growth is...

FPT CORPORATION (FPT VN) The stock price fell by 18% YTD and 10% in the last one month, breaking its 6-month low. We believe this correction might stem from 1) profit-taking pressure as the stock skyrocketed by 85% in...

IMEXPHARM CORP (IMP VN) The company retained growth of 10.6% YoY in net revenue and 7.1% YoY in EAT in 2024, from the high bases earlier. 2025 EAT is expected to generate decent growth of 18% YoY given that...

INVESTMENT AND INDUSTRIAL DEVELOPMENT CORPORATION (HSX: BCM) A decline in 4Q2024 NPAT but a flat 2024 NPAT were in line with our forecast. We adjust 2025 NPATMI up by 18% to VND3.2 trn (+50% YoY) given adding a transfer...

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