Analysis Reports

We raise our target price by 25% to VND 63,600 per share by end-2026, based on target P/E and P/B of 9.6x and 1.6x, respectively, while projected PBT to grow 20.3% y/y in 2026. Solid growth in core operating...

A decline in 9M2025 business result was mainly due to a lower number of delivered units, as newly launched projects are still in the sales phase and have not yet entered handover. Notably, 9M2025 presales have already surpassed the...

Binh Son Refining and Petrochemical Joint Stock Company (HOSE) In Q3.2025, the company achieved revenue of VND 35,290 billion (+10.5% yoy), net profit reached VND 908 billion (negative VND 1,209 billion in the same period). Accumulated in 9 months...

The MarketVector Indexes will officially announce the constituent list of the Vietnam Local Index on 12 December 2025 and will be implemented on 19 December 2025. This index is currently tracked by the VanEck Vietnam ETF. The key revisions...

POW organized an analyst meeting on Nov 27th, 2025, and a site visit to Vietnam’s 1st LNG plants — Nhon Trach 3&4 (NT3&4). Key highlights are as follows: POW will implement 03 capital-raising plan to raise capital for the...

The company generated a 121% YoY rise in EAT in 3Q, largely in line with our expectations but outperforming the estimates driven by stronger-than-expected TGDD & DMX’s sales growth in 3Q. We revise 2025 EAT projection up by 9%...