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
Derivatives: Bullish Engulfing pattern
Market commentary: Bulltrap?
HPG – Brief – [NONRATED] – Sustain a growth trend
Market traders: Capital outflow pressure persists
Derivatives: End-of-session selling pressure
Market commentary: Market reversal
GMD – Brief – [NONRATED] – Rising expenses eroded profits
