Company brief – review
17
November
BSR – Brief – [NONRATED] – 3Q25: Higher volume and margins as expected
3Q25: Higher volume and margins as expected BSR recorded 3Q25 revenue of VND35.3tn (+10% yoy, 99% of KIS forecast), despite lower oil prices, thanks to a solid 13% yoy increase...
13
November
NKG – Brief – [NONRATED] – 3Q25 – Domestic market supported earnings
In 3Q25, NKG recorded the revenue of VND3,773bn, -27.3% yoy. Total sales volume reached 195,102 tonnes, -22% yoy. While selling prices were somewhat less favorable than the previous quarter and...
12
November
REE – Earnings review – [HOLD] – 3Q25: M&E segment drives solid profit expansion
In 3Q25, REE recorded revenue of VND2,552bn (+26% yoy and +2% qoq), mainly driven by the M&E and power segments. Besides, gross profit (GP) reached VND932bn (+36% yoy), equivalent to...
11
November
HAH – Brief – [NONRATED] – Strong 3Q25, growth to moderate in 4Q25F
Revenue rose 19% YoY to VND1,348bn, led by vessel operation thanks to higher rates and increased capacity. Net profit up 53% YoY to VND304bn. We expect 4Q25F earnings growth to...
10
November
GAS – Earnings Review – [BUY] – 3Q25: Net profit is on par with forecast
Facts: revenue widened but profit flatted GAS posted 3Q25 revenue of VND35.7tn (+41% yoy, +19% qoq), exceeding our forecast by 29%, mainly thanks to stronger LPG international trading activities and...
06
November
BAF – Brief – [NONRATED] – 3Q25: The pressure from selling price
- In 3Q25, BAF recorded the revenue of VND1,136bn, -13.5% yoy. The decline in growth was mainly due to BAF no longer recording the revenue and profit in the animal...
05
November
PVD – Earnings Review – [BUY] – 3Q25: Robust growth as expected
3Q25 revenue upped 5.4% yoy to VND2.57tn (110% KIS forecast), with gross profit (GP) growing 36% yoy to VND609bn (114% KIS forecast). Gross margin (GPM) saw a solid recovery to...
04
November
HPG – Brief – [NONRATED] – Sustain a growth trend
HPG’s financial statement in 3Q25 recorded a revenue of VND36.4tn (+7% yoy) and NPAT of VND4,012bn (+33% yoy). In which, the Steel segment recorded VND33.9bn of revenue, +8.2% yoy, with...
03
November
GMD – Brief – [NONRATED] – Rising expenses eroded profits
GMD announced total revenue of VND1,557bn (+23% YoY), in which, port operation generating VND1.4tn revenue thanks to solid throughput volume and fee increases. Gains from associates in 3Q25 soared to...
Featured Analysis
Market traders: Proprietary and foreigners both recorded net buying
Market commentary: Afternoon selling pressure
Chart of the day: Awaiting the next signal
Derivatives: Declining liquidity
Derivatives: Awaiting the next signal
Market commentary: Market reversal
Derivatives: Optimistic sentiment
