Analysis Center

PetroVietnam Power Corporation (HoSE: POW) For 6M2024, POW reported VND666 bn in NPAT, – 18.6% YoY, completing 80.8% of the 2024 plan.  Due to the end of the El Nino meteorological cycle and the shift to neutral/La Nina conditions...

Hai An Transport & Stevedoring JSC (HSX: HAH) HAH’s BOD approved a resolution on September 18, 2024, with the following key updates: (1) The company revised its 2024 business plan, increasing total revenue by 19% from VNDbn 3,326 to...

PetroVietnam Fertilizer and Chemicals Corp (DPM VN) For the 1H2024, DPM reported a NPAT of VND503 billion (+37% YoY), fulfilling 92.8% of the company’s annual target—traditionally set at a very conservative level—and 65% of our forecast. Specifically, Q2/2024 contributed...

VIETNAM INTERNATIONAL COMMERCIAL JS BANK (VIB) We downgraded from BUY to OUTPERFORM on VIB, following a 16,1% appreciation in the stock price since our last report. Our 1-year target price of VND19,000/share is based on target P/E and P/B...

MOBILE WORLD INVESTMENT CORP (MWG VN) The company’s 1H2024 results were fostered by not only a rebound in TGDD & DMX’s performance but also the fact that BHX started to make profit. In addition, the company continues to refine...

Dong Hai Ben Tre JSC (HoSE: DHC) For the 1H2024, DHC only reached a NPAT of VND116 bn, -34.8% YoY, completing 38.7% of the 2024 plan and 37.5% of ACBS’s forecast. However, due to the stabilization of shipping costs,...