Analysis Reports

In 2025, PVS achieved revenue of VND 32,556 billion (+36% yoy, 145% of annual plan), and net profit of VND 1,899 billion (+51% yoy, 242% of annual plan). Revenue growth mainly came from the Mechanical and Construction (M&C) segment...

Significant growth in 4Q2025 profit was mainly thanks to the recognition of the share transfer transaction at Vincom Center Nguyen Chi Thanh. Full-year 2025 business results are in line with our projections. Our 2026 NPAT forecast has been revised...

In 2025, the company achieved revenue of VND 831.6 billion (+213% yoy), and net profit after tax of VND 61.8 billion (an increase of nearly 4.3 times yoy). Growth mainly comes from pipe coating construction contracts for projects (1)...

QTP announced Q4/2025 results with VND2,953 bn in revenue, +2% YoY, and VND655 bn in NPAT, +323% YoY. For 2025, NPAT reached VND1,051 bn, +70% YoY, equivalent to 228% of the company’s plan and 238% of ACBS’s forecast. The...

BMP reported its Q4/2025 business results with NPAT of VND 261 billion (+13.1% YoY and -25.5% QoQ), below our expectations. For full-year 2025, NPAT increased by 24% YoY to VND 1,228 billion, completing 116% of its annual plan and...

Nhon Trach 2 Thermal Power JSC (HoSE: NT2) NT2 reported Q4/2025 results with VND2,367 bn in revenue, +33% YoY, and VND423 bn in NPAT, +464% YoY. For 2025, NPAT reached VND1,000 bn, 12 times YoY growth, equivalent to 358%...