Company report

• Company brief - review
• Company in-dept
• Company note

28

June

GMD – Brief – [NONRATED] – Conservative 2024 guidance

GMD approved a conservative 2024 guidance, raising VND3.0tn for expansion plans through right issue and paying a 22% cash dividend (VND2,200/share). Despite the conservative outlook in 2024, GMD is investing...

Report (4)

24

May

BID – In-depth – [HOLD+13%] – The Giant’s return to the track

We initiate our coverage on BID with a HOLD rating and a target price of VND55,600, implying a 13% upside, using a residual approach (50%) and P/B method (50%). TTM...

Report (6)

17

November

POW – In-depth – [BUY +42.6%] – Waiting for somethings new

We recommend BUY for POW stock with a target price of 16,600 VND per share for mid and long-term investment strategy (upside +42.6%). We especially emphasize that in 2024–25, POW's...

Report (6)

23

October

VCB – In-depth – [BUY+18%] – Best-in-class performer throughout difficult times

We initiate our coverage on VCB with a BUY rating and a target price of VND100,000, implying a 18% upside by using a residual approach (50%) and P/B method (50%)....

Report (3)

25

August

TCB – In-depth – [BUY +30%] – Is TCB past its peak?

We initiate our coverage on TCB with a BUY rating and a target price of VND43,700, implying a 30% upside buy using a residual approach (50%) and P/B method (50%)....

Report (5)