Analysis Center

MOBILE WORLD INVESTMENT CORP (MWG VN)   The company continued to generate rosy growth of 41.4% YoY in EAT in 2Q2025, stronger than our expectations, fueled by strengthened operational efficiency in all key chains. We revise 2025 EAT projection...

F88 INVESTMENT JS COMPANY (UPCOM: F88)   On Friday, August 8, F88 will list 8.26 million shares on UpCoM. The reference price for the first trading session is set at VND 634,900 per share (equivalent to a market capitalization...

PETROVIETNAM GAS JSC (GAS VN)   GAS announced Q2/2025 business results with NPAT reaching VND4,808 billion (+40.7% YoY). For 6M2025, NPAT rose 27% YoY to VND7,571 billion, fulfilling 143% of the full-year target and 69% of our pre-adjusted forecast....

PETROVIETNAM TRANSPORTATION CORP (PVT)   In Q2/2025, PVT recorded net revenue growth of 46% YoY, mainly driven by strong contribution from trading activities with low gross profit margin. However, Q2/2025 after-tax profit declined 6% YoY. For 6M/2025, PVT posted...

PetroVietnam Power Corporation (HOSE: POW)   POW released its Q2/2025 results, with VND9,415 bn in revenue, +0.4% yoy, VND1,205 bn in gross profit, +63.9% yoy, and VND 733 bn in NPAT, +65.8% yoy. Cumulatively 6M2025, NPAT reached VND1,205 bn,...

FPT DIGITAL RETAIL JSC (FRT VN)   The company reported growth of 26.1% YoY in net revenue and 239% YoY in EAT in 1H2025, driven by Long Chau’s strong performance. We project the company’s EAT at VND756bn (+85.1% YoY)...