Analysis Center

MOBILE WORLD INVESTMENT CORP (MWG VN) The company warmed up its growth in 4Q2023, which encouraged us to maintain expectations about a better year in 2024 fueled by a gradual revival in consumer spending. However, we revise down our...

VINHOMES JSC (VHM VN) 2023 business results were slightly lower than ACBS’s forecast because project handover in 4Q2023 was not as expected. Reiterate our BUY recommendation with a target price of VND61,400/share at YE2024, down by 8% compared to...

SAIGON VRG INVESTMENT CORPORATION (SIP VN) 2023 result was in line with ACBS’s forecast. Change recommendation from Buy to Outperform as stock price has increased by 40% from the updated report on December 5, 2023. Increase target price by...

VIETNAM TECHNOLOGICAL AND COMMERCIAL JOINT STOCK BANK (TCB) Business results recovered in 2H2023  TCB ended a quite difficult year with a 10.5% decline in profits due to a strong contraction in NIM of 1.28 percentage points to 4.09% and...

IDICO CORPORATION – JSC (IDC VN) 2023 business results are in line with ACBS’s forecast. Reiterate our OUTPERFORM recommendation with a target price up by 16% from the previous target price to VND62,600/share at YE2024 mainly thanks to Tan...

VIETNAM CONTAINER SHIPPING JSC (HSX: VSC) Vietnam Container Shipping JSC (HSX: VSC) experienced the second consecutive quarter of growth with revenue in Q4/2023 reaching VND 625.9 bn (+20.4% YoY). Gross profit reached VND 190.3 bn (+24.8% YoY) with gross...