Analysis Center

PetroVietnam Power Corporation (HoSE: POW) POW reported a +6.7% YoY in revenue to VND6,061 bn in Q3/2024, accompanied by a +764.8% YoY in NPAT to VND453 bn. For 9M2024, the company achieved VND1,111 bn in NPAT, +27.7% YoY primarily...

BINH SON REFINING AND PETROCHEMICAL JSC (BSR VN)  BSR announced Q3/2024 business results with net loss of VND1,209 bn (compared to NPAT of VND3,235 bn in Q3/2023), lower than our expectations, primarily due to a continuous decline of oil...

PETRO VIET NAM CA MAU FERTILIZER JSC (DCM VN) DCM announced 9M2024 results with NPAT of VND1,056 billion (+71.3% YoY), completing 133% of its annual plan. We revised DCM’s 2024 NPAT forecast up by 14% YoY to VND1,422 billion...

DUC GIANG CHEMICALS GROUP JSC (DGC VN) DGC announced Q3/2024 business results with NPAT reaching VND738 billion (-8% YoY and -15.2% QoQ), lower than our expectations. Cumulatively, NPAT decreased by 7.3% YoY to VND2,322 billion in 9M2024, fulfilling 74.9%...

DEO CA TRAFFIC INFRASTRUCTURE INVESTMENT JSC (HHV VN) HHV stands as a leading enterprise in Vietnam’s infrastructure construction sector, specializing in Build-Operate-Transfer (BOT) projects and the maintenance of road tunnels. Given HHV’s extensive experience in executing projects with a...

FPT CORPORATION (FPT VN) The company sustained healthy growth in 9M2024 driven by solid performance of the global IT services segment. Looking forward to 2025, the vigorous outlook persists given 23% YoY EBT growth. Maintain an OUTPERFORM rating with...