LNG
25
February
GAS – In-depth – [BUY +16%] – Adopting new sources of growth
We maintain a BUY rating for GAS stock with a target price of VND79,300/share for long-term investment strategies: Despite a vibrant LNG segment, high provisions and a poorer oil price...
04
February
GAS – Earnings Review – [BUY] – 4Q24: New sources of growth
GAS’s 4Q24 revenue grew by 11% yoy (VND24.9tn, 98% of KIS forecast), while gross profit (GP) went flat at VND4.0tn (103% of KIS forecast). 4Q24 NPAT shrank 26% yoy, to...
27
December
Oil & Gas sector – In-depth – [NEUTRAL] – 2025 Outlook: LNG gains the spotlight
We strongly believe that LNG segment could be bright spot for Oil & Gas sector in 2025F. LNG consumption, led by the official run of Nhon Trach 3&4 LNG-fired power...
01
November
GAS – Brief – [NONRATED] – Retreat on the low season
GAS's 3Q24 revenue came in at VND25.3tn (-16% qoq, +14% yoy). Gross profit (GP) was accordingly at VND4.18tn (-13% qoq, +14% yoy), while gross profit margin (GPM) sits at 16.6%...
23
October
CNG – Earning review – [HOLD] – 4Q24: On the recovery trajectory
In 4Q24, CNG recorded robust top-line growth of 42% yoy, coupled with qoq improvements in gross margin. Yet, high SG&A undermined the bottom-line. In 1Q25F, CNG will enjoy booming yoy...
Featured Analysis
Derivatives: Profit-taking pressure?
Market commentary: Demand spread across the market
Derivatives: End of consolidation phase?
SBV begins to enact its stimulus measures
Covered warrant: Positive signals in the CWs market
Market traders: Liquidity remains high
Market commentary: Divergence at the end of the session
