Analysis Center

IDICO CORPORATION – JSC (IDC VN) Positive 1H2024 result. Adjust 2024 forecast. Roll forward target price to VND66,600 at YE2025, up by 3% compared to 2024 target price. Upgrade recommendation from Neutral to Outperform as stock price decreased by...

PHU NHUAN JEWELRY JSC (PNJ VN) Growth was seen in 1H2024 on the back of skyrocketed 24K gold revenue and a recovery in the retail and wholesale segments on a low base in the same period last year. This...

REE Corporation (HoSE: REE) REE reported Q2/2024 revenue of VND2,181 bn, +0.3% YoY, whereas gross profit was VND680 bn, -22.7% YoY and NPATMI reached VND355 bn, -27.4%YoY.  Accumulated 6M2024, NPATMI achieved VND836 bn, -32,3% YoY, completing 34.7% REE’s 2024...

Vietnam National Petroleum Group (PLX VN) PLX announced its Q2/2024 business results with NPAT-MI reaching VND1,199 billion (+47.5% YoY and +11.7% QoQ), higher than our expectations. Cumulatively for 6M2024, NPAT-MI increased by 58.6%, reaching VND2,272 billion, completing 101.5% of...

VINCOM RETAIL JSC (VRE VN) In 2Q2024, VRE posted revenue of VND2,479 bn (+14% YoY) and PAT of VND1,021 bn (+2% YoY). For 1H2024, VRE recorded revenue of VND4,733 bn (+15% YoY) and PAT of over VND2,104 bn (+4%...