Analysis Reports

The Iran war have entered a critical new phase, shifting toward an active contest for operational control and freedom of navigation through the Strait of Hormuz. While oil flows persist via northern maritime lanes, bypass pipelines, and “shadow fleet”...

NT2 reported Q2/2026 results with revenue of VND2,825 bn, +36% YoY, and NPAT of VND403 bn, +24% YoY. For 1H2026, NPAT reached VND583 bn, +61% YoY, equivalent to 136% of the company’s target and 79% of ACBS’s forecast for...

We cut our 1-year target price by 3.3% to VND37,700/share, mainly due to (1) lowering our target P/E from 8.0x to 7.0x to reflect the high interest rate environment and (2) rolling forward our target price to mid-2027. However,...

QTP reported Q2/2026 results, posting revenue of VND3,625 bn, +27% YoY, and NPAT of VND327 bn, +72% YoY. For 1H2026, NPAT reached VND524 bn, +44% YoY, equivalent to 163% of the company’s target and 143% of our 2026 forecast....

NTC recorded positive 2Q2026 profit, mainly driven by a sharp increase in financial revenue. However, 1H2026 profit still saw a slight YoY decline, primary due to an accounting change for industrial land lease revenues from one-off recognition to annual...

PNJ stock hit its floor limit for a second consecutive session – following a few days of diminished volatility – given concerns on heightened liquidity pressure after the company announced a temporary revision to its product buy-back policy. Accordingly,...