Analysis Center
06
February
Market commentary: Positive signals
The market has experienced two consecutive gaining sessions; although liquidity showed some signs of softening compared to the previous session, it still surpassed the five-session average. Moreover, the positive signal...
05
February
PVS – Brief – [NONRATED] – 4Q24: One-off income boosted earnings
4Q24 revenue grew to VND9.78tn (+45% yoy) thanks to boosted M&C segment (VND7.21tn, +77% yoy, +199% qoq). NPAT/NPAT-MI surged to VND705bn/VND551bn, respectively grew by 140%/92% yoy.
05
February
Fund flow: Positive developments in Vietnam
The capital flow activities into investment funds in Vietnam have shown optimistic trends, reflecting the market's vibrancy and positive outlook. Therefore, we believe that fund flows could turn positive into...
05
February
Market commentary: Market recovery
The market experienced positive gains and increased liquidity, with the index remaining above most major moving averages. However, this session marked only the first recovery following a previous decline, suggesting...
05
February
Derivatives: Bull Trap?
The contract presents several positive signals but lacks consistency, as the breakout in the previous session was not strong enough. Therefore, traders should continue to monitor the market and wait...
04
February
GMD – Brief – [NONRATED] – Net profit contracts due to extraordinary loss
In 4Q24, GMD reported a total revenue of VND1,382bn (+9% QoQ, +34% YoY), in which, revenue from port operation rose to VND1.25tn thanks to solid throughput volume and fee increases....
04
February
HAH – Brief – [NONRATED] – Record quarterly profit
In 4Q24, HAH reported a VND1,211bn revenue (+82% YoY, figure 1), Ii which, Vessel operation: revenue doubled to VND1,163bn (+105% YoY). 4Q24 blended gross margin (GPM) rose to 42.8% mainly...
04
February
BID – Earnings review – [BUY] – Improving earnings quality
4Q24 profit before tax was up +18.4% yoy to VND9,336bn thanks to (1) resilient net interest incomes (+5.2%yoy) (2) non-interest incomes with substantial growth (+88%yoy), and (3) manageable operating expenses...
04
February
GAS – Earnings Review – [BUY] – 4Q24: New sources of growth
GAS’s 4Q24 revenue grew by 11% yoy (VND24.9tn, 98% of KIS forecast), while gross profit (GP) went flat at VND4.0tn (103% of KIS forecast). 4Q24 NPAT shrank 26% yoy, to...
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
