Analysis Center

VINCOM RETAIL JSC (VRE VN) Adjust 2022 target price to VND34,052 given the planned support package and delay in new mall openings. Change rating from Buy to Hold as the stock price has increased. 2021 Business result In 2021,...

PetroVietnam Gas Joint Stock Corporation (GAS) 2021 Business results and Expected growth in 2022 GAS recorded business results in 2021 with revenue of VND78,992 billion (+23.2% YoY) and EAT of parent company shareholders VND8,672 billion (+10.4% YoY). Although natural...

DXG held an analyst meeting on 14/3/2022 with the following highlights: – Brokerage service: Target to sell 50,000 units in 2022 and reach 40% of market share compared with 35% in 2021 given market recovery and expansion of subsidiaries...

Macro Outlook Capable of rising above global issues by distinct characteristics We maintain our GDP growth projection for 2022 to range between 5.9 – 6.8%. Positive economic signs, a recently passed stimulus package, high vaccination rates, the living-with-COVID strategy...

VIETNAM BANK FOR INDUSTRY AND TRADE (CTG) We reiterate our BUY recommendation with a target price of VND40,700 per share. Reduced provisioning pressure will support profit growth in 2022. High provision expenses making 2021’s profit have not yet surged...

Saigon Beer – Alcohol – Beverage Corporation (SAB VN) To recover in 2022 from COVID-19 negative effects – Maintain HOLD – Target Price: 151,247VND/share SAB announced its unaudited 2021 results with a top line of VND 26,373 bn (-5.7%...