Analysis Center

PetroVietnam Technical Services Corporation (HNX: PVS) PVS announced business results for Q3/2023, with a NPAT-MI of VND141 billion (-26.5% YoY and -37% QoQ), lower than our expectations. However, the accumulated 9M2023 NPAT-MI increased by 39.6% YoY, reaching VND579 billion...

DUC GIANG CHEMICALS GROUP JSC (DGC VN) Initiate with an NEUTRAL rating, target price of VND 100,986 given solid business performance. DGC is a company that operates in the chemical sector. The company engages in manufacturing phosphorus products including...

DUC GIANG CHEMICALS GROUP JSC (DGC VN) Initiate with an NEUTRAL rating, target price of VND 100,986 given solid business performance. DGC is a company that operates in the chemical sector. The company engages in manufacturing phosphorus products including...

VIETNAM INTERNATIONAL COMMERCIAL JOINT STOCK BANK (VIB) We issue a BUY recommendation for VIB with a 1-year target price of 27,800 VND/share. Although business results are expected to face many challenges, VIB’s current valuation is quite attractive and can...

MOBILE WORLD INVESTMENT CORP (MWG VN) We revised down our projections for 2023-2024 to reflect the expectation of slower improvement in profit margins, given the company’s focus on boosting revenue rather than profit margins, and the plan to close...

SAIGON VRG INVESTMENT CORPORATION (SIP VN) Flat 9M2023 results with revenue in line with our forecast while profit below expectation. Adjust 2023 NPAT down by 16% and reiterate our Buy rating with 2024 target price of VND77,926 (+31% upside). ...