Analysis Reports

GEG reported Q3/2025 results with VND671 bn in revenue, +24% YoY,  and VND80 bn in NPAT, (Q3/2024: -VND48 bn). Accumulated 9M2025, NPAT achieved VND850 bn, more than 10-fold YoY, fulfilling 124% of the company’s target and 110% of ACBS’s...

VINCOM RETAIL JSC (VRE VN) Strong growth in 3Q2025 and 9M2025 NPAT mainly thanks to high financial income from deposits. Revise 2025 NPAT up by 39% given the realization of nearly VND1.9 trn of PBT from the transfer of...

KHANG DIEN HOUSE TRADING AND INVESTMENT JSC (KDH VN) Impressive 3Q2025 business results were higher than our estimation as the Gladia project was recognized earlier than expected. We keep our 2025 and 2026 forecast unchanged. We roll forward our...

PVD reported Q3/2025 business results with NPAT reaching VND277 billion (+54% YoY and +10.8% QoQ), in line with our expectations. For 9M2025, NPAT rose by 46% YoY to VND 673 billion, completing 127% of the annual plan and 76%...

DAT PHUONG GROUP JSC (DPG VN) Dat Phuong Group JSC (HOSE: DPG) held its 2025 EGM on 10/28/2025 with the following highlights: Capital Raising Plan: The EGM approved a plan to privately issue 17.79 million shares, equivalent to 17.6%...

DCM announced Q3/2025 business results with NPAT reaching VND328 billion (+172% YoY and -59.3% QoQ), in line with our expectations. For 9M2025, NPAT increased by 44.7% YoY to VND1,527 billion, completing 197% of the annual plan and 73% of...