Analysis Center
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...
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...
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
