Analysis Center

VIETNAM NATIONAL PETROLEUM GROUP (PLX VN) PLX announced Q3/2024 NPAT dropping by 82% YoY and 90% QoQ, lower than our expectations. We revised down our 2024 NPAT forecast for PLX by 11% to VND3,712bn (+21.7% YoY). However, recovering fuel...

HOA PHAT GROUP JSC (HPG VN) HPG reported Q3/2024 results showing a continued trend of resilient profits. Cumulative 9M2024, HPG reported VND9,210 bn of NPAT, completing 92% of company 2024 target and 86% of our forecast. Going forward, we...

GEMADEPT CORPORATION (GMD VN) GMD’s Q3/2024 financial results showed significant growth, with net revenue and profit before tax (PBT) for the first nine months reaching 85.5% and 102.5% of the company’s annual targets for 2024, equivalent to 78% and...

GIA LAI ELECTRICITY JSC (HoSE: GEG) GEG reported a decline in its Q3/2024 financial performance, with revenue reaching VND543 bn, -4.1% YoY. The company incurred a loss of VND48 bn in NPAT compared to a profit of VND315 mil...

MOBILE WORLD INVESTMENT CORP (MWG VN) The company’s earnings continued to be fostered by a rebound in TGDD & DMX’s performance, enlargement of BHX’s net profit, refining efficiency by streamlining the store network and no loss from the joint...

KINH BAC CITY DEVELOPMENT HOLDING CORPORATION JSC (KBC VN) 3Q2024 result grew strongly YoY but 9M2024 result was disappointing due to low industrial park area delivered. Adjust 2024 profit forecast down by 60% to VND586 bn. Expect high growth...