Analysis Center

PetroVietnam Drilling and Well Service Corp. (PVD VN)  PVD recorded NPAT at VND232 billion (+19.7% YoY) in Q4/2024 and VND694 billion (+27.2% YoY) in 2024, completing 182% of its annual plan and 97.7% of ACBS’s forecast. For 2025, NPAT...

Novaland (HOSE: NVL) held 4Q2024 Analyst Meeting on 02/27/2025 with the following highlights: Potential reversal of provision from paid land use fees for the Lakeview City Project, but the specific amount remains undisclosed. Specifically, after the HCMC announced the...

KINH BAC CITY DEVELOPMENT HOLDING CORPORATION JSC (KBC VN) Disappointing 2024 result was below our forecast due to low industrial park area delivered in 4Q2024. Adjust 2025 NPAT up by 19% to VND1.2 trn given a delay in industrial...

SAI GON THUONG TIN COMMERCIAL JS BANK (STB) We recommend a BUY with a one-year target price of VND 50,700 per share. Our target price includes potential gains from liquidation of the 32.5% STB shares, along with 80% of...

FPT CORPORATION (FPT VN) The company sustained healthy growth in 2024 driven by solid performance of the global IT services segment. Looking forward to 2025, the vigorous outlook persists given 20% YoY EBT growth in our projection; however, the...

GEMADEPT CORPORATION (GMD VN) GMD recorded positive financial results in 4Q2024 and throughout 2024, primarily thanks to increased container handling fees and container throughput. Our 2025 forecast remained unchanged with revenue and net profit of VND4,892 bn (+1.2% YoY)...