PVS – Earnings Review – [BUY] – 2Q25: Full steam ahead
PVS’s 2Q25 revenue continue to witness a solid growth of 33% yoy (+28% qoq) to VND7.38tn, which fulfilled 91% of our 2Q25 forecast. 2Q25 gross profit was recorded at VND441bn, growing by a staggering 84% yoy. As a result, 2Q25 NPAT rose by 53% yoy, to VND319bn (+7% qoq, fulfilling 110% of our 2Q25 forecast.
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Derivatives: Testing the 20-day moving average
Market commentary: Divergent market performance
Derivatives: Waiting for the next signal
Market commentary: Foreigners reversed strongly to net buying
Derivatives: Downtrend ahead?
