Analysis Center

KINH BAC CITY DEVELOPMENT HOLDING CORPORATION JSC (KBC VN) 2023 business results were in line with ACBS’s forecast. Reiterate our Outperform recommendation with a target price of VND37,400/share by YE2024, up by 6% compared to the previous target price....

Nam A Commercial Joint Stock Bank (Stock code: NAB) to be listed on HoSE on March 8, 2024 with a reference price of VND 15,900 /share with a price range on the first trading day of +/-20%, corresponding to...

VIETNAM BANK FOR INDUSTRY AND TRADE (CTG) Impressive Q4/23 business results with PBT +58.1% q/q and +43.9% y/y It seems that the most difficult time has passed for CTG when almost all of the bank’s financial indicators showed clear...

MOBILE WORLD INVESTMENT CORP (MWG VN) The company warmed up its growth in 4Q2023, which encouraged us to maintain expectations about a better year in 2024 fueled by a gradual revival in consumer spending. However, we revise down our...

VINHOMES JSC (VHM VN) 2023 business results were slightly lower than ACBS’s forecast because project handover in 4Q2023 was not as expected. Reiterate our BUY recommendation with a target price of VND61,400/share at YE2024, down by 8% compared to...

SAIGON VRG INVESTMENT CORPORATION (SIP VN) 2023 result was in line with ACBS’s forecast. Change recommendation from Buy to Outperform as stock price has increased by 40% from the updated report on December 5, 2023. Increase target price by...