Analysis Center

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...

PETROVIETNAM GAS JSC (GAS VN) GAS announced its Q3/2024 business results with NPAT of VND2,578 billion (+7.2% YoY), which is in line with our expectations. Accumulated in 9M2024, GAS’s NPAT decreased by 5.3% to VND8,538 billion, completing 147% of...

VIETNAM BANK FOR INDUSTRY AND TRADE (CTG) We maintain an OUTPERFORM recommendation for CTG with a target price of VND40.600 per share, based on target P/E and P/B of 9.6x and 1.3x, respectively. Business results have significant room for...

KHANG DIEN HOUSE TRADING AND INVESTMENT JSC (KDH VN) A decline in 3Q2024 and 9M2024 results was mainly due to a lower number of low-rise units delivered at Classia project. Keep our 2024 forecast unchanged as we expect the...