PVS – Earnings Review – [BUY] – 3Q25: Profit growth in line with expectations
∙ 3Q25 revenue grew by 99% yoy, and NPAT grew 73% yoy
∙ Net financial gains drove 3Q25 NPAT growth
∙ 4Q25F: Staying busy, with triple-digit NPAT growth expected
Featured Analysis
Market commentary: Late-session buying support
Derivatives: Liquidity declines
Market commentary: Selling pressure returned
Market traders: Proprietary traders continued to post net buying
Derivatives: Forms short-term bottom?
Market commentary: Rebound in gains
SBV extends net liquidity injection as interbank rates cool
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19/12/2025
Derivatives: Liquidity continues to decline
18/12/2025
Derivatives: Liquidity declines
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