Analysis Center
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...
07
February
VHC – Earnings review – [BUY] – Better-than-expected NPAT in 4Q24
In 4Q24, VHC released a revenue of VND3,206bn (+33.8% yoy/ -2.2% qoq). Notably, Pangasius segment skyrocketed to VND1,850bn (+53% yoy/ -3.2% qoq) thanks to a rally in export volume. 4Q24...
06
February
Tet may mask a stronger economic performance
Vietnam’s economy showed resilience in January despite global trade war concerns. Accounting for a 22.7% reduction in working days due to Tet, our analysis suggests that export activities and industrial...
06
February
FRT – Brief – [NONRATED] – Slower expansion faster recovery
In 4Q24, FRT’s net revenue climbed up to VND11.4tn (+31.7% yoy), while NPAT rose to VND134bn (from loss of -VND103bn in 4Q23). For 2024, FRT reported net revenue of VND40.1tn...
06
February
Derivatives: Awaiting breakout signal
The contract accumulated within the 1,330-1,335 point range. Traders should monitor breakout signals from this consolidation zone to confirm the next trend. Based on this signal, traders could consider opening...
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
