Analysis Center

IDICO CORPORATION – JSC (IDC VN) IDC posted unpleasant 9M2023 result with revenue of nearly VND5trn (-29% YoY) and PAT of over VND1trn (-56.4% YoY) which were lower than our expectation. We revise our 2023 PAT forecast by 25%...

FPT DIGITAL RETAIL JSC (FRT VN) The company witnessed a considerable shrink in its loss after tax in 3Q2023 against 2Q2023, thanks to improved profit margins of the FPTShop chain, outperforming our projections. We expect the company may return...

Binh Son Refining and Petrochemical Company JSC (UPCoM: BSR)  BSR has announced positive business results for Q3/2023, with a NPAT-MI of VND3,260 billion (+581% YoY and +143% QoQ), exceeding our expectations. Cumulatively for 9M2023, NPAT-MI decreased by 51.8% YoY,...

PHU NHUAN JEWELRY JSC (PNJ VN) The company reported shaky y/y growth in 9M2023 in light of weak consumer spending, completing 69% of the company’s EAT target and 74% of our projections. The decline is expected to narrow in...

PetroVietnam Fertilizer and Chemicals Corp (DPM VN) DPM recorded a sharp decline in the Q3/2023, with revenue reaching VND3,215 billion (-17.2% YoY) and NPAT-MI of VND64 billion (-93.5% YoY, -36.5% q/q), lower than our expectations. Accumulated in 9M2023, NPAT-MI...

Dong Hai Joint Stock Company of Bentre (HSX: DHC)  DHC announced its Q3/2023 results with revenue reaching VND 795bn (-18.1% YoY), gross profit reaching VND107 bn (-15.1% YoY) and NPAT reaching VND 56bn (-12.5% YoY). Accumulated 9M2023, NPAT reached...