PVD – Earnings Review – [BUY] – 4Q24: Rising pressures
PVD’s 4Q24 revenue grew by 60% yoy (VND2,789bn, 112% of KIS forecast), but gross profit plummeted 10% yoy to VND359bn (71% of KIS forecast) owing to poorer day rates. 4Q24 NPAT-MI pushed by abnormal income and FX gain beat our forecast.
Featured Analysis
Market commentary: Sustained selling pressure
Growth moderated while geopolitical wounds begin to fester
Market traders: Foreign investors maintained net selling
Derivatives: Increased selling pressure
Market commentary: Late-session selling pressure
Chart of the day: Confirmation signal needed
Derivatives: Weakening liquidity
