Analysis Center
05
February
Market commentary: Market recovery
The market experienced positive gains and increased liquidity, with the index remaining above most major moving averages. However, this session marked only the first recovery following a previous decline, suggesting...
05
February
Derivatives: Bull Trap?
The contract presents several positive signals but lacks consistency, as the breakout in the previous session was not strong enough. Therefore, traders should continue to monitor the market and wait...
04
February
GMD – Brief – [NONRATED] – Net profit contracts due to extraordinary loss
In 4Q24, GMD reported a total revenue of VND1,382bn (+9% QoQ, +34% YoY), in which, revenue from port operation rose to VND1.25tn thanks to solid throughput volume and fee increases....
04
February
HAH – Brief – [NONRATED] – Record quarterly profit
In 4Q24, HAH reported a VND1,211bn revenue (+82% YoY, figure 1), Ii which, Vessel operation: revenue doubled to VND1,163bn (+105% YoY). 4Q24 blended gross margin (GPM) rose to 42.8% mainly...
04
February
BID – Earnings review – [BUY] – Improving earnings quality
4Q24 profit before tax was up +18.4% yoy to VND9,336bn thanks to (1) resilient net interest incomes (+5.2%yoy) (2) non-interest incomes with substantial growth (+88%yoy), and (3) manageable operating expenses...
04
February
GAS – Earnings Review – [BUY] – 4Q24: New sources of growth
GAS’s 4Q24 revenue grew by 11% yoy (VND24.9tn, 98% of KIS forecast), while gross profit (GP) went flat at VND4.0tn (103% of KIS forecast). 4Q24 NPAT shrank 26% yoy, to...
04
February
ANV – Earnings Review – [HOLD] – 4Q24: The hardship dragged on
In 4Q24, ANV released revenue of VND1,361bn (+22.5% yoy). Gross margin was at 10.2% (staying flat yoy but inching down by 2.7%p qoq) due to ANV recorded an allowance for...
04
February
Derivatives: Selling pressure after the holiday
The contract recorded a sharp decline with several negative signals in the short term. As investors remain cautious after the long holiday, it is advisable to continue monitoring the market...
04
February
Market commentary: Widespread selling pressure
The market recorded its first decline after a long holiday. The primary causes stem from macro concerns such as fears of an AI stock bubble due to the impact from...
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
