Analysis Reports

MILITARY COMMERCIAL JS BANK (MBB)   We raise our target price for MBB by 40% to VND 27,700/share, driven by an increase in our target P/E multiple from 6.5x to 8.0x to reflect a clear recovery in asset quality,...

SAIGON VRG INVESTMENT JSC (SIP VN)   Positive result in 1H2025 mainly thanks to the stable power & water supply and industrial park segments as well as a jump in financial income. Revise 2025 NPAT up by 6% to...

INVESTMENT AND INDUSTRIAL DEVELOPMENT CORPORATION (HSX: BCM)   Positive 2Q2025 and 1H2025 business results mainly thanks to higher revenue from the residential property segment. Adjust 2025 NPAT down by 6%, to VND2,953 bn as we adjusted industrial park revenue...

MOBILE WORLD INVESTMENT CORP (MWG VN)   The company continued to generate rosy growth of 41.4% YoY in EAT in 2Q2025, stronger than our expectations, fueled by strengthened operational efficiency in all key chains. We revise 2025 EAT projection...

F88 INVESTMENT JS COMPANY (UPCOM: F88)   On Friday, August 8, F88 will list 8.26 million shares on UpCoM. The reference price for the first trading session is set at VND 634,900 per share (equivalent to a market capitalization...

PETROVIETNAM GAS JSC (GAS VN)   GAS announced Q2/2025 business results with NPAT reaching VND4,808 billion (+40.7% YoY). For 6M2025, NPAT rose 27% YoY to VND7,571 billion, fulfilling 143% of the full-year target and 69% of our pre-adjusted forecast....