Analysis Center
19
May
Market commentary: Market recovery
The market rebounded but continued to experience volatility around newly established peak levels, indicating that profit-taking pressure is gradually increasing as the index moves higher. Nevertheless, the current uptrend remains...
18
May
HDG – Brief – [NONRATED] – Earnings weighed down by provisions
In 1Q26, revenue reached VND684bn (+14% yoy, -23% qoq, figure 1), mainly driven by the real estate segment and hotel services. Gross profit came in at VND442bn (+10% yoy, figure...
18
May
FX pressure continues as inflationary pressures intensify
In 20W26, the SBV shifts to a modest net liquidity withdrawal from the banking system to balance systemic positions. This cautious absorption of excess funds drives short-term interbank rates slightly...
18
May
Derivatives: Consolidation around the MA10
Investors should wait for an additional breakout signal to confirm that the short-term uptrend has resumed. Until that signal materializes, a cautious, observational stance is recommended.
18
May
Market commentary: Selling pressure emerges
The market closed lower, reflecting investors’ cautious sentiment as the index moved deeper into peak territory, causing upward movements to become more volatile and range-bound. Nevertheless, the prevailing uptrend remains...
18
May
Chart of the day: New all-time high
Although the uptrend remains intact, the possibility of a short-term consolidation phase cannot be ruled out. Investors should therefore wait for additional confirmation signals before adding new positions.
16
May
HDB – Brief – [NONRATED] – Credit Expansion Phenomenon
1Q26 PBT rose by +14.0%yoy to VND6,107bn, thanks to robust growth in net interest incomes (+14.5%yoy) and net fee incomes (+26.8%yoy), and manageable expenses on operation and risks provision. 1Q26...
15
May
GEG – Earnings Review – [HOLD] – 1Q26: Profit remains subdued
Revenue reached VND767bn (-30% yoy, figure 1), mainly weighed down by the wind power segment despite strong growth from hydropower (+46% yoy, figure 1). Total production amounted to 380mn kWh...
15
May
VOS – Brief – [NONRATED] – Swings to Profitability
Elevated freight rates vs. low utilization and rising fuel costs In 1Q26, VOS reported VND709bn revenue (-26% QoQ, +53% YoY), and swung back to profitability with a GP of VND39bn....
Featured Analysis
SBV ramps up repo injections
Derivatives: A reversal pattern?
Market commentary: Divergent movements
Chart of the day: Short-term sell signal?
SIP – Brief – [NONRATED] – Surging expenses dragged the 1Q26 net profit
Derivatives: Mounting selling pressure
Market commentary: Selling pressure persists
