Analysis Center
16
August
DGW – Brief – [NONRATED] – Highlight of laptops
In 2Q24, DGW reported a revenue of VND5,008bn (+9.0% yoy). However, NPAT stayed flat at VND88bn (+0.8% yoy) as SG&A ratios remained high
16
August
Quant Note – 2Q24 wrap-up: Somethings better
2Q24 is the third consecutive quarter that NPAT-MI has extended the chain of positive growth. Some positive signals of a recovery trend were shown in the general number of companies’...
15
August
CTG – Brief – [NONRATED] – Repeated constraint from higher provision expenses
2Q24 PBT only climbed by +3.0%yoy to VND6,750bn thanks to higher net interest incomes (+20%yoy) and controlled OPEX (2Q24 CIR: 26% vs 2Q23: 27%), compensating by a significant increase in...
15
August
GMD – Brief – [NONRATED] – Recovery momentum continued in 2Q24
In 2Q24, GMD reported a total revenue of VND1,181bn (+44% YoY) and a total container throughput of 1,086k TEUs (+46% YoY). GMD’s NPAT declined to VND418bn (-76% YoY) due to...
14
August
REE – Brief – [NONRATED] – NPAT dropped as the decline’s Utilities segment
REE recorded a revenue of VND2,181bn, an increase slight of 0.3% compared to the same period, while NPAT reached a decline strongly with VND404bn, a drop 35% yoy. The main...
14
August
Textile & Garment – Note – [NONRATED] – A first stage of restoration
In 2Q24, the consumer spending was still cautious that led to the slow resumption of textile and apparel products. Textile and garment (T&G) recorded the export value of USD8.4bn (+0.3%...
14
August
VHC – Brief – [BUY] – Jul-24 Business results: A rosy growth of pangasius fillet exports
In Jul-24, VHC released monthly revenue which sat at VND1,120bn (+29% yoy and +9% mom). The impressive growth was mainly driven by pangasius products (VND608bn, +54% yoy and +24% mom)....
13
August
CNG – Brief – [NONRATED] – Positive earnings thanks to less depreciation
In 1H24 CNG revenue declined by 7% yoy, reaching 1,472bn as selling volume declined by 13% yoy. Despite those, Gross profit and NPAT grew strongly respectively by 22% and 25%...
13
August
FRT – Brief – [NONRATED] – Long Chau expanded, FPT Shop contracted
In 2Q24, FRT reported a revenue of VND9,327bn (+29.2% yoy; 108% of our forecast). Long Chau’s sales surged thanks to store expansion, while FPT Shop's sales improved thanks to higher...
Featured Analysis
Derivatives: Breakout Signal?
Market commentary: Maintaining the green territory
Market commentary: Positive performance
Market commentary: Positive performance
Derivatives: Dominated by green
REE – Brief – [NONRATED] – Profit gains through cost reduction
PNJ – Brief – [Non-rated] – Challenges still ahead
