Analysis Reports

HOA PHAT GROUP JSC (HPG VN) HPS’s 2Q2026 and 1H2026 earnings exceeded our expectations, primarily driven by stronger-than-expected performance in the steel business and a one-off financial gain from the divestment of the Pho Noi real estate project. Excluding...

PVGAS announces Q2 2026 business results: consistent with our forecast. In Q2 2026, GAS achieved revenue of VND 43,249 billion (+43.8% yoy), and net profit of VND 6,021 billion (+25.2% yoy). During the period, GAS reversed nearly VND 500...

In Q2 2026, DPM recorded revenue of VND 6,985 billion (+31.8% YoY) and a profit after tax (PAT) of VND 915 billion (a 2.2-fold increase YoY). For the first six months of 2026, revenue reached VND 12,608 billion (+33.8%...

For the first six months of 2026, accumulated revenue reached VND 11,998 billion (+27% YoY, meeting 68% of the annual plan and 66% of our forecast), while net profit reached VND 1,856 billion (+54.8% YoY, 1.5 times the annual...

VIETNAM PROSPERITY JSC BANK (VPB) We raise our 12-month target price by 16.7% to VND35,000/share, driven by (1) a 4% and 14% increase in our 2026F–27F EPS forecasts, respectively, due to lower expected credit costs, and (2) rolling our...

Q2/2026 results: Revenue reached VND2,426 bn, -4% YoY, while NPATMI came in at VND632 bn, +1% YoY, in line with our forecast. 6M2026 results: NPATMI totaled VND1,346 bn, +9% YoY, equivalent to 48% of the company’s target and 50%...