Analysis Center

Petro Viet Nam Ca Mau Fertilizer JSC (DCM VN) DCM announced business results in Q2/2024 with NPAT-MI of VND569 billion (+97% YoY and +64.3% QoQ), higher than our expectations. Cumulatively, NPAT-MI increased by 69.3% to VND914 billion in 1H2024,...

Gia Lai Electricity JSC (HoSE: GEG) GEG announced Q2/2024 results with revenue increasing slightly by 1.9% YoY to VND488 bn, but gross profit and NPAT plummeted by 18.8% YoY and 83.8% YoYto VND212 bn and VND 1 bn, respectively. ...

Saigon Cargo Service Corporation (HSX: SCS): Positive growth continued in Q2/2024, 1H2024 earnings completed 56.1% of full year business plan. In Q2 2024, SCS maintained strong growth with net sales reaching VND 264.1 bn (+53.4% YoY). This growth was...

BANK FOR FOREIGN TRADE OF VIETNAM (BID) We recommend OUTPERFORM for BID with a 1-year target price of VND54,000/share based on a target P/B of 2.0 times. Business results in the coming quarters are supported by NIM with plenty...

COTECCONS CONSTRUCTION JSC (CTD VN): RESILIENTLY OVERCOMING CHALLENGES Coteccons Construction JSC (CTD VN), a prominent construction firm in Vietnam, has consistently maintained its top position in the fiercely competitive industry. The substantial backlog of signed construction contracts, valued at nearly...

Quang Ninh Thermal Power JSC (Upcom: QTP) QTP announced Q2/2024 business results with revenue reaching VND 3,628 bn, -2.2% YoY, gross profit reaching VND 211 bn, -29.7% YoY and NPAT reaching VND 160 bn, -35.5% YoY. Accumulated 6M2024, NPAT...