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12

November

Market commentary: Market recovery

The emergence of active buying helped the market close in positive territory. However, liquidity remained low, indicating that cash flow has yet to return strongly and the current uptrend appears...

Report (54)

11

November

HAH – Brief – [NONRATED] – Strong 3Q25, growth to moderate in 4Q25F

Revenue rose 19% YoY to VND1,348bn, led by vessel operation thanks to higher rates and increased capacity. Net profit up 53% YoY to VND304bn. We expect 4Q25F earnings growth to...

Report (4)

11

November

Banking – Note – [NEUTRAL] – Right on track

Aggregated 3Q25 PBT (27 listed banks) surged +24.6%yoy from a low base in 3Q24 and -1.8%qoq. The business results resulted from 1) robust credit growth, 2) a strong growth in...

Report (4)

11

November

Strategic Insight: Awaiting an upward trend

The economy recorded strong growth, supported by positive macroeconomic indicators in October. Therefore, we expect the stock market to enter a short-term recovery phase after forming a sub-cycle bottom in...

Report (90)

11

November

Market traders: Liquidity declined

Last week, market liquidity marked a three-week losing streak. Specifically, the total trading value across the market reached VND253tn, down 8.2% WoW.

Report (50)

11

November

Market commentary: Market declined

The market continued to experience selling pressure, indicating that cash flows remain cautious and on the sidelines rather than re-entering strongly. Additionally, the persistence of low liquidity reflects investors’ risk-averse...

Report (41)

11

November

Derivatives: Selling pressure persists

The contract has confirmed a downward trend by establishing a new low. Therefore, traders may consider reopening short positions and taking advantage of technical rebounds to optimize profits.

Report (55)

10

November

GEG – Note – [HOLD] – Outlook remains stable

For 2026F, we project GEG’s revenue and GP at VND2,784bn (-10% yoy) and VND1,631bn (-6% yoy), respectively. Growth will primarily be driven by the hydropower and solar segments, with total...

Report (10)

10

November

SBV rollovers repos as demand persists

This week, the SBV maintained its net liquidity injection at a modest level, mainly to offset withdrawal pressure from maturing repo contracts and support system-wide liquidity. Interbank rates remained elevated,...

Report (67)