Analysis Center

Vietnam National Petroleum Group (PLX VN) PLX’s business results continue to recover from the bottom in 2022 thanks to the strong improvement of net profit margin and stability of output. Therefore, PLX announced Q1/2024 business results with NPAT-MI reaching...

Saigon Cargo Service Corporation (SCS): Capacity expansion potential is a competitive advantage amid the recovery of import and export activities. In 2023, SCS’s business performance faced challenges due to a decrease in cargo throughput, especially in international cargo, amidst...

PC1 GROUP JOINT STOCK COMPANY (HOSE: PC1) PC1’s business performance in 2023 was lackluster, with revenue reaching VND7,775 bn, -7.0% YoY, achieving 82.3% of the plan. NPAT was VND303 bn, -43.6% YoY, achieving 59.3% of the plan. This poor...

SAI GON THUONG TIN COMMERCIAL JS BANK We lower our target price to VND36,200/share due to STB’s core operating profit being lower than expected but maintain our BUY recommendation. Our target price is equivalent to 12-month forward P/E and...

HOA BINH CONSTRUCTION GROUP JSC (HBC VN) In Q1/2024, HBC’s business activities showed a partial recovery. Specifically, the revenue reached VND1,650 bn (+38.2% YoY). After deducting COGS, HBC achieved a gross profit of VND21.3 bn, a significant improvement from...

FPT CORPORATION (FPT VN) The company sustained vivid growth in 1Q2024 driven by solid performance of the global IT services segment, in line with our expectation. The stock price has increased by 38% from our latest update and fully...