Analysis Reports

The Iran conflict has entered its third month amidst protracted ceasefire negotiations. Meanwhiles, elevated oil prices are increasingly transmitting to production costs and consumer prices, accelerating global inflationary pressures. Market consensus regarding near-term monetary accommodation by major central banks,...

The company reported splendid 1Q2026 with an EAT upturn of 117% YoY, better than our expectation, driven by expansion in the 24K gold-excluded gross margin.  We revise 2026 EAT projection by 21% to VND3,982bn (+40.8% YoY) and our target...

1Q2026 business results witnessed a sharp decline due to low industrial park (IP) land handovers. However, we maintain our 2026 full-year forecast, expecting the Que Vo Expansion 2 and Trang Due 3 projects to start handovers and revenue recognition...

The Ministry of Agriculture and Environment is currently seeking comments on the first draft of the 2026 Amended Land Law which proposes adjustments to approximately 65 articles of the 2024 Land Law. If approved by the National Assembly in...

POW announced Q1/2026 results, reporting VND12,327 bn in revenue, +51% YoY, and VND1,301 in NPAT, +176% YoY, fulfilling 116% of the companyplan and 51% of our forecast for 2026. The strong Q1/2026 performance was primarily driven by both higher...

SIP’s 1Q2026 business results were mixed, with revenue increasing by 12% YoY to VND2,165 bn, while NPAT fell 11% YoY to VND357 bn. Industrial park (IP) leasing activities showed positive momentum with over 49 hectares signed in 1Q2026. We...