Analysis Reports

HOA SEN GROUP JSC (HSG VN) Hoa Sen Group (HSG, fiscal year (FY): Oct 1, 2025 – Sep 30, 2026) held its 2026 AGM on 03/07/2026 with the following highlights: 2026 Business Plan: HSG adopted a cautious business plan...

February 2026 macroeconomic data reveals a pronounced divergence between domestic consumption and industrial production. Against a backdrop of heightening geopolitical volatility, this bifurcation raises structural concerns regarding supply chain resilience, energy security, and the central bank’s runway for further...

KBC’s 2025 business results were in line with projections and showed strong growth compared to 2024, mainly thanks to the handover of 3 industrial clusters in Hung Yen. We maintain our 2026 projections but adjust our end-of-2026 target price...

The company announced 131% YoY growth in EBT to VND1,219bn in 2025, meeting 109% of our projection, and targets 27% YoY growth in 2026. We revise 2026 EBT projection up by 16% to VND1,626bn (+33.4% YoY) as a result...

MarketVector and STOXX will officially announce the component results of the Vietnam Local Index and the STOXX Vietnam Total Market Liquid Index on March 14, 2026, with the changes taking effect on March 23, 2026. These two indices are...

The company announced 89.5% YoY growth in EAT to VND7,076bn in 2025, meeting 108% of our projection, and continues to target a strong upturn of 30% YoY in 2026 by boosting all major chains. We revise 2026 EAT projection...