Analysis Center

23

May

PVB – Brief – [NONRATED] – 1Q25: Time to roll up the sleeves

PVB’s revenue stood at VND106bn in 1Q25 (-14% yoy, +87% qoq), notably higher than the 5-year average quarterly revenue of VND69bn. Gross profit came in at VND12.6bn (-63% yoy), translating...
Report (30)

23

May

STK – Brief – [NONRATED] – 1Q25: Earnings rebound from the low base

In 1Q25, STK’s revenue posted to VND376bn (+41.6% yoy/ +12.7% qoq), of which, virgin yarn: VND187bn (+17.8% yoy/ +7.9% qoq) and recycled yarn: VND189bn (+77.3% yoy/ +17.9% qoq). Gross margin...
Report (0)

23

May

VOS – Brief – [NONRATED] – Unfavorable time

In 1Q25, VOS reported a VND462bn revenue (-65% QoQ, -58% YoY). Shipping revenue down to VND477bn due to weak market and falling rates in both dry bulk and product tanker...
Report (3)

23

May

Derivatives: Retesting the 1,400 zone

Although a correction occurred, the uptrend has not been reversed, even though risks are beginning to rise. Therefore, traders should remain cautious, monitor the market closely, and wait for further...
Report (63)

23

May

Market commentary: Correction pressure

Profit-taking pressure became more pronounced as the index approached the peak set in Mar/2025, preventing a breakout. In the short term, correction risks remain present and may persist in the...
Report (53)

22

May

VCB – Earnings review – [BUY] – Subdued profit performance

1Q25 PBT was only up +1.3%yoy to VND10.86tn due to weak operating income growth despite lower risk provision expenses. 1Q25 PBT equaled 94% of KIS’s 1Q25 estimation. Our estimation was...
Report (0)

22

May

Derivatives: Uptrend maintained

With the second consecutive gaining session, the contract has reaffirmed the uptrend after breaking the Mar 2025 high. Therefore, traders may consider reopening long positions.
Report (63)

22

May

Market commentary: Continued momentum

Cash inflows continued to support the market, helping the index maintain its upward momentum with two consecutive gaining sessions. However, as the VNIndex approaches its March/2025 peak around the 1,340...
Report (52)

21

May

BSR – Brief – [NONRATED] – 1Q25: Prolonged difficulties

1Q25 volume grew 14% yoy, but revenue grew slower at 4% yoy, to VND31.9tn. 1Q25 gross profit remained weak at VND382bn under the pressures of (1) continued gross loss from...
Report (31)
1 2 3 63
to top