Sector report

• Sector in-depth
• Sector note
• Sector preview
• Sector review

02

October

Power sector – Preview – [Neutral] – 3Q24F Preview: The comeback of Hydropower

We believe that the 3Q24F's earnings of the hydropower groups could benefit significantly due to the La-Nina phase impact. Besides, thermal power groups record growth thanks to an increase in...

Report (17)

02

October

Seafood sector – Preview – [Overweight] – 3Q24F Preview: A robust growth trajectory

We believe that the 3Q24F’s earnings for most enterprises in the sector could experience high growth due to the low base effect in 3Q23. Regarding the pangasius industry, VHC could...

Report (10)

02

October

Oil & Gas sector – Preview – [NEUTRAL] – 3Q24F Preview: low Gas, robust Drilling

The bright spot of Oil & Gas sector in 3Q24F is a robust Drilling segment, and PVD is the largest listed beneficiary. Meanwhile, natural gas may see a strong retreat...

Report (10)

30

September

Securities – Note- [NONRATED] – Circular 68 on non-prefunding

The main amendments of Circular 68 are largely centered on 1) allowing foreign institutional investors (FII) could be short of funds when placing a buying share order 2) the securities...

Report (11)

04

September

Seafood: Pangasius market – In-depth – [OVERWEIGHT] – The tide is turning

We believe that the presence of large enterprises will strengthen the industry's value chain, minimizing risks in the nurturing process. Additionally, the rise in global demand for seafood, along with...

Report (9)

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’...

Report (1)

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%...

Report (1)

06

August

Banking – Note – [OVERWEIGHT] – 2Q24 sustained recovery

Aggregated 2Q24 PBT (27 banks) surged +22.6%yoy thanks to an improvement in total operating incomes (+15.8%yoy) for higher net interest incomes (+19.3%yoy) and OPEX management (2Q24 CIR’s 32% vs 2Q23...

Report (0)

19

July

Power sector – In-depth – [OVERWEIGHT] – The Way of Water

In 1H24, nationwide electricity consumption reached 153bn kWh, +13% yoy. In our view, the growth drivers likely came from (1) El-Niño’s prolonged intense heat and (2) the economy's recovery. In...

Report (20)