Analysis Center

IMEXPHARM PHARMACEUTICAL JSC (IMP VN) The hospital channel’s contribution continued to broaden at the expense of the pharmacy channel’s. A new factory is in the early phase of establishment.  IMP reported net revenue of VND491bn (+2.5% YoY) and EBT...

BANK FOR FOREIGN TRADE OF VIETNAM (VCB) We raise VCB’s target price by 12% to VND98,000/share and upgrade our recommendation from NEUTRAL to OUTPERFORM. Our target price is equivalent to 12-month target P/E and P/B of 16.4x and 2.3x,...

GEMADEPT CORPORATION (HSX: GMD) The AGM 2024 of Gemadept Corporation (GMD) took place on June 25, 2024, covering the following key topics: 2024 Business plan for core operations: Net sales are expected to reach VND 4,000 bn, and profit...

Vietnam National Petroleum Group (PLX VN) PLX’s business results continue to recover from the bottom in 2022 thanks to the strong improvement of net profit margin and stability of output. Therefore, PLX announced Q1/2024 business results with NPAT-MI reaching...

Saigon Cargo Service Corporation (SCS): Capacity expansion potential is a competitive advantage amid the recovery of import and export activities. In 2023, SCS’s business performance faced challenges due to a decrease in cargo throughput, especially in international cargo, amidst...