Analysis Center

We lower our 12-month target price by 4.7% to VND18,400/share, mainly due to (1) lowering our target P/E from 8.0x to 7.0x to reflect a higher interest rate environment, and (2) rolling our target price forward to mid-2027. However,...

The company announced 2Q2026 business results with a loss of VND283bn, contrary to our expectations, while net revenue reached VND8,484bn, +12% YoY, in which the retail segment grew by 13.6% YoY. The loss was explained by the company’s recognition...

Dien May Xanh Investment JSC (ticker: DMX) is going to list 1.27bn shares on HSX on Aug 6th, 2026 at a price of VND80,000/share, the same as its IPO price. The company completed its IPO in Jun 2026, with...

We maintain our BUY recommendation on BMP with a 2026 target price of VND 174,800/share. We expect earnings growth in 2H2026 to be driven by a recovery in sales volume, while gross margin should remain at an elevated level,...

The 2Q2026 business results were positive and in line with our projections. Growth mainly came from improved revenue and gross profit margin in the property leasing segment, increased interest from savings, and financial gains from additional deposits on new...

MSN reports record-high Q2 2026 net profit growth; H1 2026 results achieve 73% of the full-year plan. In Q2 2026, MSN recorded revenue of VND28,117 billion (+53.5% YoY) and net profit after tax (NPAT) of VND3,799 billion (+137% YoY)....