Analysis Center
10
February
PLX – Brief – [NONRATED] – Back on track
In 4Q24, PLX's earning results bounced back after the Yagi trauma in 3Q24. PLX’s revenue grew by 3% yoy and 10% qoq (to VND71tn) as selling volume rose 8.4% yoy....
10
February
Fertilizer – Note – [Nonrated] – Boost exports amid sluggish domestic demand
In 4Q24, fertilizer supply was tight, with demand concentrated in the Mekong Delta. Revenue for listed companies was stable at VND21,498bn (+2.5% yoy), but NPAT-MI dropped to VND1,494bn (-55.8% yoy)...
10
February
Derivatives: Awaiting a breakout signal
The 1,345-point level acted as a strong resistance in the next session. Traders should wait for a breakout signal above this level to confirm the next trend. Based on this...
10
February
Chart of the day: Testing the November peak
The 1,300-point level will serve as strong resistance for the index’s recovery in the medium and long term. Therefore, investors should wait for a breakout signal before initiating new positions,...
10
February
Market commentary: Fourth consecutive gain
Investor sentiment improved during the first trading week after Tet as the market experienced a continuous uptrend. Increasing volume indicated strong liquidity support, suggesting a short-term uptrend. Therefore, investors may...
08
February
Banking – Note – [NEUTRAL] – Magnificent earnings growth
Aggregated 4Q24 PBT (27 banks) surged +19.6%yoy, supported by all elements: Net interest incomes with a moderate growth (+11.0%yoy), a significant growth in non-interest incomes (+32%yoy), controllable OPEX (remained CIR...
07
February
NT2 – Earnings review – [HOLD] – NPAT experienced unfavorable results
In 4Q24, NT2's revenue was recorded at VND1,792bn, up 49% yoy as (1) A0 prioritized dispatching to compensate for the capacity shortage. Although NT2 recorded positively in output and the...
07
February
Derivatives: Confirming an uptrend?
The contract accumulated within the 1,339-1,344 point range. Traders should observe breakout signals from this accumulation zone to determine the next trend. Based on this signal, traders could consider opening...
07
February
Market commentary: Approaching the November peak
The market continued to record a growth session, with liquidity showing some improvement. Approaching the November 2024 peak may cause some volatility in the upcoming sessions but is unlikely to...
Featured Analysis
Market commentary: Foreigners net sell “VIC”
Derivatives: Continued correction
Market commentary: Cautious developments
March 2025: Muted sound of real estate issuance
Market commentary: Wide-spread selling pressure
Derivatives: Profit-taking pressure
Sector Note – 1Q25F forecast: Recovery but slowdown
