Sector and company
01
June
IDC – Brief – [NONRATED] – Slower IP Handovers Weigh on Core Earnings
In 1Q26, IDC reported VND2,165bn revenue (-6% qoq, +12% yoy) with a GP landing at VND389bn (-45% qoq, -29% yoy). The contraction in high-margin segments (IP) led to a blended...
29
May
SIP – Brief – [NONRATED] – Surging expenses dragged the 1Q26 net profit
In 1Q26, SIP reported VND2,165bn revenue (-6% qoq, +12% yoy) with a GP landing at VND357bn (-2% qoq, +11% yoy). GPM of 16.5% (+0.5%p qoq, flat yoy). Net profit came...
28
May
MWG – Brief – [NONRATED] – Convenient electronics, expanding grocery
In 1Q26, MWG recorded revenue of VND46,462bn, up 28.6% YoY. Robust growth was registered across all three core business chains. NPAT was recorded at VND2,758bn (+78% YoY, +32% QoQ). Notably,...
26
May
PC1 – Brief – [NONRATED] – Growth supported by the Real estate
In 1Q26, revenue reached VND2,168bn (+17% yoy, figure 1), mainly driven by strong growth from the real estate and construction segments. Gross profit came in at approximately VND468bn (+2% yoy,...
25
May
HAH – Brief – [NONRATED] – Shipping segment drove 1Q26 profit growth
In 1Q26, HAH reported VND1,265bn net revenue (-3% QoQ, +8% YoY). Shipping revenue surged to VND1,273bn1 (79% of total revenue, -2% YoY). NPAT-MI came in at VND300bn (-2% QoQ, +29%...
22
May
SZC – Brief – [NONRATED] – 1Q26 earnings down, IP gross margin improved
In 1Q26, SZC reported VND102bn revenue (-73% QoQ, -75% YoY). The sharp decline in revenue was due to new revenue recognition on allocation basis, unlike the previous one-off recognition of...
21
May
DCM – Brief – [NONRATED] – 1Q26: Robust ASPs growth boosted earning
1Q26: ASPs growth pushed by the Middle East conflict DCM reported 1Q26 revenue of VND5,286bn (+55% yoy, ~101% of KIS forecast), driven by (1) 38% growth in sales volume and...
20
May
GDA – Brief – [NONRATED] – 1Q26 – Difficulties remain
In 1Q26, GDA recorded revenue of VND3,589bn, down 9.7% yoy. The revenue decline stemmed from both sales volume and average selling price (ASP). Gross profit in 1Q26 reached VND160bn, down...
19
May
GMD – Brief – [NONRATED] – Gemalink drove 1Q26 results
In 1Q26, GMD announced a total revenue of VND1,452bn. Port operation generating VND1.4tn revenue (89% of total revenue, -10% QoQ, +14% YoY). Growth was primarily driven by a 15-20% hike...
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
