Analysis Center
05
May
VHC – Earnings review – [BUY] – Strong 1Q26 profit on improved margins
Strong 1Q26 profit on improved margins VHC delivered strong 1Q26 results, with revenue up 11.6% YoY and NPATMI surging 37.8% YoY, driven by robust pangasius sales, margin expansion, and lower...
05
May
HPG – Brief – [NONRATED] – Continued Growth Momentum
Domestic market remains positive alongside recovering exports Hoa Phat’s 1Q26 FS recorded consolidated revenue of VND52.9tn (+41% YoY) and consolidated gross profit of VND8,365bn (+54% YoY). Steel segment: Reported robust...
05
May
TCB – Earnings review- [BUY]- Expanding beyond credit
1Q26 PBT rose by +22.6% to VND8,870bn, thanks to a moderate growth in credit activities (+14.6%yoy), a robust growth in net fee incomes, and a decrease in provision expenses. 1Q26...
05
May
Derivatives: Selling pressure returns
The market continues to present mixed signals. Traders are therefore advised to remain cautious at this stage and wait for clear trend confirmation before re-entering positions.
05
May
Market commentary: Sideways market movement
The market closed nearly flat while liquidity remained at low levels, indicating cautious investor sentiment and a lack of clear improvement in cash flows. Nevertheless, the fact that the index...
04
May
BSR – Earnings review- [HOLD] – 1Q26: Profit surges beyond expectations
Facts: Profit surges beyond expectations BSR’s 1Q26 revenue reached VND45.9tn (+44% yoy, 105% of KIS forecast), driven by higher output (estimated +15–20% across key products including Diesel, Gasoline, and Jet...
04
May
Stable growth amid mounting inflation pressures
Vietnam’s economy remained resilient in April, supported by accelerating industrial production, stable domestic consumption, and sustained FDI inflows. However, external momentum showed signs of softening, with export growth beginning to...
04
May
Market commentary: Cautious ahead of the holiday period
The market recorded a declining session while liquidity remained at low levels, reflecting cautious investor sentiment ahead of the holiday period. In addition, this development suggests that cash flows are...
04
May
Derivatives: Liquidity drops sharply ahead of the holiday
Traders sentiment remained cautious as trading volume stayed low during the final session before the holiday break. As a result, traders are advised to exercise prudence at this stage and...
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?
