Analysis Reports

1Q2026 business results were unfavorable due to lower handovers of industrial park (IP) and residential land compared to the same period last year. However, we maintain our full-year 2026 forecast, expecting IP handovers and profits from JVs and associates...

HDG announced Q1/2026 results, reporting VND684 bn in revenue, +14% YoY, and VND103 bn in NPAT, -50% YoY, fulfilling only 9% of the company’s plan and 10% of ACBS’s previous 2026 forecast. The weaker YoY performance was primarily attributable...

Despite 10.1% YoY growth in EAT, the company reported an 8% YoY slide in net revenue in 1Q2026, attributed to plant maintenance, late delivery of some raw materials and increasing competition in the EU-GMP drug segment. We revise 2026...

PC1 announced Q1/2026 results, reporting revenue of VND2,168 bibnllion, +17% YoY, and NPAT of VND270 bn, +86% YoY, fulfilling 26% of the company’s plan and 18% of our 2026 forecast. The strong Q1/2026 performance was primarily driven by robust...

The Iran conflict has entered its third month amidst protracted ceasefire negotiations. Meanwhiles, elevated oil prices are increasingly transmitting to production costs and consumer prices, accelerating global inflationary pressures. Market consensus regarding near-term monetary accommodation by major central banks,...

The company reported splendid 1Q2026 with an EAT upturn of 117% YoY, better than our expectation, driven by expansion in the 24K gold-excluded gross margin.  We revise 2026 EAT projection by 21% to VND3,982bn (+40.8% YoY) and our target...