Analysis Reports

We raise our target price by 4.7% to VND29,000 per share by end-2026 and upgrade from NEUTRAL to OUTPERFORM, driven by a 10.5% decline in the share price since our previous report. 2026’s PBT is expected to grow by...

COTECCONS CONSTRUCTION JSC (CTD VN) CTD delivered a solid Q3/2025 earnings performance, primarily driven by the divestment of the Emerald 68 project. For FY2026, we forecast revenue of VND 31,308 bn (+26% YoY) and parent-company net profit of VND728...

We maintain our target price of VND 20,200 per share to end-2026, based on a target P/E of 8x and P/B of 1.3x. However, as VIB’s share price has declined 5.4% since our previous report, we upgrade to OUTPERFORM,...

In Q3.2025, the company achieved revenue of VND 35,690 billion (+41.7% YoY), and net profit reached VND 2,612 billion (+1% YoY). In the first 9 months of 2025, the company achieved revenue of VND 91,445 billion (+16% YoY), and...

We raise our target price by 2% to VND 39,000 per share by end-2026, based on (1) a target P/E of 8.x and (2) an additional revaluation gain of VND7,400 per share from the IPO and listing of TCX...

TASECO REAL ESTATE INVESTMENT JSC (HSX: TAL) Established in 2009, Taseco Land (TAL) is one of the three main business areas of Taseco Group with the core activities of real estate development while the other businesses of the Group...