Analysis Reports

PetroVietnam Power Corporation (HOSE: POW)   POW released its Q2/2025 results, with VND9,415 bn in revenue, +0.4% yoy, VND1,205 bn in gross profit, +63.9% yoy, and VND 733 bn in NPAT, +65.8% yoy. Cumulatively 6M2025, NPAT reached VND1,205 bn,...

FPT DIGITAL RETAIL JSC (FRT VN)   The company reported growth of 26.1% YoY in net revenue and 239% YoY in EAT in 1H2025, driven by Long Chau’s strong performance. We project the company’s EAT at VND756bn (+85.1% YoY)...

KHANG DIEN HOUSE TRADING AND INVESTMENT JSC (KDH VN) A decline in 2Q2025 and 1H2025 NPAT was mainly due to lower gross margins of Privia project and small land lots delivered. Adjust our 2025 NPAT forecast down by 3%...

PHU NHUAN JEWELRY JSC (PNJ VN)   The company reported a 3.1% YoY EAT growth in 2Q, thereby narrowing the earnings decline for the 1H2025 to 4% YoY. Positive results in 2Q were driven by upholding the 24K-excluded gross...

PetroVietnam Fertilizer and Chemicals Corp (DPM VN)   DPM announced Q2/2025 business results with NPAT of VND 413 billion (+75.5% YoY and +95.7% QoQ), exceeding our expectations. For 6M2025, NPAT increased by 24% YoY to VND624 billion, completing 195%...

REE Corporation (HOSE: REE)   REE released its Q2/2025 results, with VND2,513 bn in revenue, +15.2% yoy, VND853 bn in gross profit, +25.4% yoy, and VND623 bn in NPATMI, +75.5% yoy. Cumulative 6M2025, NPATMI reached VND1,235 bn, achieving 51%...