Analysis Center
04
November
Market commentary: Downside Risk?
The market reacted sharply to the developments of institutional rebalancing activities for 4Q24. However, liquidity remains insufficient to confirm the downtrend. Therefore, investors should observe upcoming market developments closely before...
04
November
Chart of the day: Accumulation phase
While the upward momentum slowed last week, the VN-Index still signals a negative outlook for the current trend as it forms a flag pattern. If this pattern is confirmed, the...
02
November
GMD – Brief – [NONRATED] – Highest NPAT of Gemalink
In 3Q24, GMD reported a total revenue of VND1,264bn (+7% QoQ, +26.7% YoY), in which, revenue from port operation rose to VND1.2tn thanks to solid throughput volume and fee increases....
01
November
HAH – Brief – [NONRATED] – Outstanding net profit growth
In 3Q24, HAH reported a VND1,129bn revenue (+19.1% QoQ, +63.0% YoY). 3Q24 gross margin (GPM) rose to 27.5% primarily through the hike in container rates, operating margin (OPM) and net...
01
November
VHC – Earnings Review – [BUY] – Industry-leading recovery performance
In 3Q24, VHC released a revenue of VND3,278bn (+21.5% yoy/ +2.6% qoq). Specifically, pangasius segment posted to VND1,912bn (+32.6% yoy/ +10.9% qoq). 3Q24 gross margin strongly sat at 17.6% (+7.1%p...
01
November
GAS – Brief – [NONRATED] – Retreat on the low season
GAS's 3Q24 revenue came in at VND25.3tn (-16% qoq, +14% yoy). Gross profit (GP) was accordingly at VND4.18tn (-13% qoq, +14% yoy), while gross profit margin (GPM) sits at 16.6%...
01
November
Vietnam’s FDI: Some statistics
The global economy is increasingly bolstered by the movement of FDI across countries, especially as recent years have seen a significant shift toward developing countries as prime destinations for growth...
01
November
Market commentary: Demand in blue chips stocks
The market recorded a positive recovery, however, liquidity remained low. Moreover, the current trend remains unclear due to inconsistent signals. Demand has not been sufficient to confirm an uptrend, while...
01
November
Derivatives: The uptrend confirms?
Although the uptrend has been confirmed on the hourly chart, it has yet to be confirmed on the daily chart. This indicates inconsistent signals, suggesting it is still too early...
Featured Analysis
Market commentary: Foreign investors turned net buyers again
GDA – Brief – [NONRATED] – 3Q25 – Domestic market supported earnings
Market commentary: Selling pressure returned
Derivatives: Awaiting the next signal
VJC – Earnings Review – [HOLD] – 3Q25: Inefficient expansion
Derivatives: Uptrend confirmation?
Market commentary: Sustained demand
