Analysis Reports

On April 7, 2026, FTSE Russell released an official confirmation regarding the reclassification of Vietnam’s equity market from Frontier Market to Secondary Emerging Market status. Key highlights are as follows: Overview and key timeline: According to the latest announcement,...

OVERVIEW HOSE will officially announce the results of the VNDIAMOND Index constituent review on April 20, 2026, with the changes taking effect on May 4, 2026. Key changes in this review compared to the previous composition are as follows:...

The residential property market becomes more difficult in 2026 given many challenges: 1. Policy challenges: Restrict credit growth for the property sector Issue ID number for each property product 2. Macroeconomic challenges: Rising interest rate Rising input costs 3....

VIETNAM PROSPERITY JSC BANK (VPB) We reduce our target price by 18,9% to VND30,000 per share, mainly driven by a reduction in our target P/E from 9.6x to 7.0x to reflect a higher interest rate environment and the potential...

FPT recently announced that from Jan 1st, 2026, the company will no longer consolidate FPT Telecom JSC (HOSE: FOX) into FPT’s consolidated financial statements as a subsidiary. Instead, FOX will be recorded as an affiliate, with FPT recognizing its...

The stock price has fallen by 19% since our latest update due to AI disruption concerns in IT services and broader market selling amid Middle East tensions. It now trades at 13.7x 2026F earnings, close to the -2SD level...