Analysis Center
07
May
QTP – Earnings review – [BUY] – 1Q25: Earnings remain stable
In 1Q26, revenue reached VND2,733bn, down 6% yoy (figure 1), mainly due to an estimated 15% decline in average selling prices despite an estimated 4% yoy increase in production (figure...
07
May
PLX – Earnings review – [HOLD] – 1Q26: Oil price volatility hit hard
Facts: Oil price volatility hit hard 1Q26 revenue reached VND98.7tn (+45% yoy, -2.1% qoq, ~110% of KIS forecast). The strong growth reflects (1) higher volumes: domestic (+20% yoy, +13.4% qoq,...
07
May
Derivatives: Breakout signal
The uptrend received confirmation through the rectangle pattern. Accordingly, traders may consider re-entering long positions and taking advantage of pullbacks to maximize returns.
07
May
Market commentary: Sustained buying demand
The market recorded a gaining session alongside improving liquidity, indicating that buying demand is gradually strengthening and cash flows are showing signs of returning. In addition, the short-term uptrend remains...
06
May
Apr 2026: Medium issuances led by Real Estate and Bank industries
In April, total value of bond issuance declined 20.1% yoy but rose 12.1% mom to VND38,235bn. The Real Estate issued VND13,776bn, -42.1% mom, and accounted for 36.0%. Major issuer was...
06
May
A promising start with solid earnings
TNG delivered strong 1Q26 results, with revenue rising 29.2% YoY, supported by robust order intake from EU clients. NPAT-MI increased 39.2% YoY, though this was largely driven by a one-off...
06
May
SBV maintains net liquidity injection as funding demand spikes
In 18W26, SBV maintains liquidity injections, albeit at a moderate level, to the banking system during holiday week. Specifically, interbank rates rise on short tenors due to increased funding demand...
06
May
Market commentary: Sideways market movement
The market recorded a gaining session, though liquidity remained at low levels, indicating that cash flows have yet to show meaningful improvement and investor sentiment remains relatively cautious. This development...
06
May
Derivatives: Demand emerges at lower price levels
The market is forming a rectangle pattern - a short-term consolidation structure. Traders are therefore advised to remain cautious at this stage and wait for clear trend confirmation signals before...
Featured Analysis
Derivatives: Continue to observe
Market commentary: Low liquidity
DCM – Brief – [NONRATED] – 1Q26: Robust ASPs growth boosted earning
Market commentary: Market reversal
Derivatives: Signal Observation
GDA – Brief – [NONRATED] – 1Q26 – Difficulties remain
Derivatives: A Sell Signal?
