Analysis Reports

GMD reported strong 1H2026 earnings, driven by higher port throughput and service rates, alongside a one-off gain from the equity swap transaction with CJ. We expect the growth outlook to remain supported by rising production and export demand, Gemalink...

PNJ stock hitting the ceiling on Friday may have been driven by news confirming that the company is fully compliant with legal regulations governing diamond imports, while diamonds under investigation were not distributed through PNJ’s network. The investigators’ confirmation...

Following the legal incident in May 2026, PC1 appointed additional members to its management team at an Meeting of Shareholders in Jul 2026 in an effort to stabilize its business operations. With a carry-over backlog of VND4,780 bn for...

MOBILE WORLD INVESTMENT CORP (MWG VN) The company sustained outstanding growth on the back of margin expansion in the ICT chains and BHX’s ongoing scale-up and earnings growth. We revise our NPATMI projection for 2026 up by 13% to...

2Q2026 and 1H2026 business results were unfavorable, primarily due to lower delivered industrial park (IP) land area compared to the same period last year. We revised down 2026 revenue and NPAT forecasts by 23% and 17% respectively due to...

MILITARY COMMERCIAL JS BANK (MBB) We lower our 1-year target price by 3.6% to VND27,000/share, due to (1) reducing our target P/E from 8.0x to 6.5x – in line with the historical median to reflect the high interest rate...