Analysis Center

MOBILE WORLD INVESTMENT CORP (MWG VN) We revised down our projections for 2023-2024 to reflect the expectation of slower improvement in profit margins, given the company’s focus on boosting revenue rather than profit margins, and the plan to close...

SAIGON VRG INVESTMENT CORPORATION (SIP VN) Flat 9M2023 results with revenue in line with our forecast while profit below expectation. Adjust 2023 NPAT down by 16% and reiterate our Buy rating with 2024 target price of VND77,926 (+31% upside). ...

PetroVietnam Drilling and Well Service Corp. (PVD VN)  PVD has announced positive business results for Q3/2023, with a NPAT-MI of VND150.5 billion (compared to a loss of VND33.7 billion YoY and -6.7% QoQ), in line with our expectations. accumulated...

Petrovietnam Power Corporation (HOSE: POW) POW released its Q3/2023 result with the parent company’s NPAT reaching VND83 bn, +23.6% YoY. Accumulated 9M2023, NPAT amounted to VND743 bn VND, completing 66.5% of the plan, but only 27.8% of our projection. ...

The National Assembly approved the Housing Law 2023 on November 27, 2023 which took effect from January 1, 2025. Key changes/amendments are summarized in the table below. Comment: Among the changes/amendments mentioned above, we think that the regulations which...

IDICO CORPORATION – JSC (IDC VN) IDC posted unpleasant 9M2023 result with revenue of nearly VND5trn (-29% YoY) and PAT of over VND1trn (-56.4% YoY) which were lower than our expectation. We revise our 2023 PAT forecast by 25%...