Sector and company
10
February
QTP – Earnings review – [BUY] – The high coal price harmed earnings
In 4Q24, QTP recorded revenue of VND2,884bn, +1.2% yoy. Of which: (1) The output’s QTP in 4Q24, which is estimated to be decreased by 12% yoy and (2) the full...
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)...
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
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
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...
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.
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....
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
