Reports - Acbs

5:17:14 CH - 06/01/2026

MARKET STRATEGY REPORT 2026 – BUILDING STRATEGIC POSITIONING

By the end of 2025, the VN-Index had risen by 40.87% YTD. However, the rally was largely driven by stocks within the Vingroup ecosystem, with limited breadth across the broader market. The VN-Index ended the year trading at a...

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Macro Flash Note – December 11, 2025: The Fed cut rate by 25bps while internal decision differed. Markets price in 02 additional cuts totaling 50bps in 2026.

Strategy & Macro Reports

3:56:02 CH - 11/12/2025

Macro Flash Note – December 11, 2025: The Fed cut rate by 25bps while internal decision differed. Markets price in 02 additional cuts totaling 50bps in 2026.

At the December meeting (December 10, 2025), the US Federal Reserve (Fed) executed its third-interest rate reduction of 2025, lowering the target range for the federal funds rate (FFR) from 3.75%–4.00% to 3.50%–3.75%, corresponding to a cut of 25...

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Industry & Corporate Reports

5:19:08 CH - 10/12/2025

Update VCB – Outperform

We cut our target price by 7.7% to VND 69,300/share by end-2026, mainly due to lowering target P/E from 18x to 16.5x to reflect a slower profit growth outlook of 6.1% in 2026, which largely offsets the positive impact...

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Macro Update – November 2025: BEYOND THE STORM – PATH TO STABILIZATION FOLLOWING RECENT DISRUPTIONS

Strategy & Macro Reports

1:38:59 CH - 10/12/2025

Macro Update – November 2025: BEYOND THE STORM – PATH TO STABILIZATION FOLLOWING RECENT DISRUPTIONS

Economic data for November 2025 reveals an increasingly divergent growth picture. Key drivers such as public investment and credit growth continued to be promoted. Conversely, export activities and retail sales decelerated as continuous storms and flooding over the past...

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Industry & Corporate Reports

5:56:20 CH - 09/12/2025

Update MBB – Outperform

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...

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Industry & Corporate Reports

4:20:20 CH - 09/12/2025

CTD Update_BUY

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...

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Analysis Reports

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