Analysis Center

MOBILE WORLD INVESTMENT CORP (MWG VN) The company’s profitability enhanced much better than our expectations in 1Q2024, mostly driven by a rebound in TGDD & DMX’s gross margin and BHX narrowing loss. We revise up our EAT projection by...

SAIGON VRG INVESTMENT CORPORATION (SIP VN) 1Q2024 business results were in line with ACBS’s forecast. Reiterate Outperform recommendation. However, we adjusted the target price at YE2024 up by 9% to VND102,300/share, equivalent to a 13% expected share price return...

COTECCONS CONSTRUCTION JSC (CTD VN) In the third quarter of the fiscal year (January 1, 2024 – March 31, 2024), CTD achieved positive business outcomes. The company’s revenue reached nearly VND4.7 trn (+49% YoY). The construction sector which accounted...

PetroVietnam Gas Joint Stock Corporation (GAS VN) GAS announced Q1/2024 business results with net profit of VND2,511 billion (-25% YoY), quite similar to our expectations. With this result, GAS completed 43.8% of 2024 plan and 24.8% of our forecast....

IDICO CORPORATION – JSC (IDC VN) Positive 1Q2024 business results. Adjust 2024 forecast mainly due to a reduction in industrial park land area delivered. Change recommendation from Outperform to Neutral with an almost unchanged target price of VND64,500/share because...

FPT DIGITAL RETAIL JSC (FRT VN) The company returned to be profitable in 1Q2024 following three consecutive quarters of loss in 2023. While Long Chau kept enhancing its performance, the FPT Shop chain extended its loss, resulting in a...