Petrolimex
09
May
PLX – Earnings review – [BUY] – 1Q25: Oil turbulence hit hard
PLX’s 1Q25 consolidated revenue declined by 10% yoy to VND67.9tn (97% of our forecast). Gross profit fell 21% yoy to VND3.7tn (97% of our forecast), with gross margin narrowing to...
10
February
PLX – Brief – [NONRATED] – Back on track
In 4Q24, PLX's earning results bounced back after the Yagi trauma in 3Q24. PLX’s revenue grew by 3% yoy and 10% qoq (to VND71tn) as selling volume rose 8.4% yoy....
08
November
PLX – Brief – [NONRATED] – Higher Brent volatility undermined earnings
In 3Q24, PLX’s revenue plummeted by 11% yoy (to VND64.3tn) owing to the contraction of both selling price and volume. In 3Q24, gross margin reached 5.3% (-1.0%p qoq and +0.1%p...
Featured Analysis
Covered warrant: Liquidity continues to improve
Market commentary: Liquidity increases
Derivatives: Breakout session
Growth navigates new uncertainties
Market commentary: Late-session demand momentum
Derivatives: Continued consolidation
Chart of the day: New high formed
