Analysis Center
22
July
QTP – Earnings review – [BUY] – 2Q25: NPAT boosted as operational efficiency
In 2Q25, QTP posted revenue of VND2,863bn, down 21% yoy. This decline was mainly attributable to: The average electricity price is estimated to fall 23% yoy to 1,366 VND/kWh. Although...
22
July
PVB – Brief – [NONRATED] – 2Q25: Full speed ahead
PVB’s revenue stood at VND232bn in 2Q25 (+262% yoy, +119% qoq), as PVB is operating at full capacity. Thus, 6M25 revenue fulfilled 62% of BOD’s 2025 plan. Gross profit came...
22
July
Market traders: Proprietary and foreign investors showed a consensus in net buying
By investor group, trading activity among both domestic individuals and institutions maintained upward momentum, increasing by 13.8% and 14.4% respectively compared to the prior week.
22
July
Derivatives: Profit-taking pressure
The risk of a technical pullback is increasing. Therefore, investors may consider staying on the sidelines for now and wait for more favorable entry points.
22
July
Market commentary: Supply pressure increases
The market faced selling pressure as the index approached a high-price zone, mostly driven by short-term profit-taking sentiment. Nonetheless, the uptrend remains intact, with the index staying above most key...
21
July
CNG – Earnings review – [HOLD] – 2Q25: Aggressive expansion strategy
CNG's 2Q25 volume and revenue upped 36% and 30% yoy CNG's 2Q25 NPAT reached VND37bn, -17% yoy Selling expenses surged on aggressive market expansion
21
July
SBV supports liquidity while USDVND rises
This week, the SBV recorded a significant injection through the repo instrument to support the banking system amid a tighter liquidity condition, with short-term interbank rates surging. On the FX...
21
July
Covered warrant: Liquidity hits new high again
The warrant market remained vibrant last week as liquidity continued to hit new highs, extending the multi-week uptrend. Additionally, the number of advancing warrants continued to dominate, reflecting sustained inflows...
21
July
Derivatives: Uptrend maintained
While the short-term uptrend appears to be confirmed, the possibility of a technical pullback remains. Traders are therefore advised to stay cautious at this stage and wait for appropriate entry...
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
