Analysis Reports

HAH recorded Q4/2025 business results with NPAT reaching VND360 billion (+3.4% YoY). For full-year 2025, NPAT increased by 75% to VND1,401 billion, completing 123% of the annual plan. NPAT in 2026 is expected to decline slightly from the 2025...

In 2025, DCM achieved revenue of VND 16,961 billion (+26% yoy, 121% annual target), and net profit of VND 1,917 billion (+34% yoy, 248% annual target). Net profit increased mainly due to rising fertilizer prices, while production volume increased...

COTECCONS CONSTRUCTION JSC (CTD VN) CTD (fiscal year: 01/07/2025–30/06/2026), delivered strong results in 2H2025, driven by steady growth in its core construction business and a one-off gain from the divestment of the Emerald 68 project. On this basis, we...

GEG reported Q4/2025 results with revenue of VND590 bn, +6% YoY, NPAT reached VND95 bn, +692% YoY. For 2025, NPAT amounted to VND946 bn, +927% YoY, equivalent to 138% of the Company’s plan and 105% of ACBS’s forecast. The...

KDH reported strong growth in 2025 business results which were higher than our projection mainly thanks to a higher-than-expected number of low-rise units delivered at the Gladia project. We adjust our 2026 NPAT forecast upwards by 13% to VND2,013...

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...