Analysis Center

VIETNAM DAIRY PRODUCTS JSC (VNM VN) A recovery in gross margin continued to bolster the company’s earnings growth while a better-than-expected jump in exports refreshed revenue growth in 2Q2024. We slightly revised up our projection for 2024 profit by...

SAIGON VRG INVESTMENT JSC (SIP VN) Positive 2Q2024 and 1H2024 results. Revise up 2024 forecast with 7% up in revenue & 5% up in profit. Adjust our target price down by 4% to VND85,300 given a decline in net...

IDICO CORPORATION – JSC (IDC VN) Positive 1H2024 result. Adjust 2024 forecast. Roll forward target price to VND66,600 at YE2025, up by 3% compared to 2024 target price. Upgrade recommendation from Neutral to Outperform as stock price decreased by...

PHU NHUAN JEWELRY JSC (PNJ VN) Growth was seen in 1H2024 on the back of skyrocketed 24K gold revenue and a recovery in the retail and wholesale segments on a low base in the same period last year. This...

REE Corporation (HoSE: REE) REE reported Q2/2024 revenue of VND2,181 bn, +0.3% YoY, whereas gross profit was VND680 bn, -22.7% YoY and NPATMI reached VND355 bn, -27.4%YoY.  Accumulated 6M2024, NPATMI achieved VND836 bn, -32,3% YoY, completing 34.7% REE’s 2024...