PNJ
07
August
PNJ – Brief – [HOLD] – 2Q24: Sign of recovery
In 2Q24, PNJ reported a revenue of VND9,544bn (+43.2% yoy; 102% of our forecast), while NPAT rose to VND429bn (+28.4% yoy; 103% of our forecast). In 3Q24F, we think that...
28
June
Retail sector – In-depth – [NONRATED] – It’s time for a sprint
In 1Q24, we see that consumers’ confidence reached the highest level of 78% in the last 5 quarters. Together with a more bustling production activity (especially in 2Q24 with IIP...
15
May
Retail – Note – [NONRATED] – Weak demand had different impacts
Consumer demand, in general, is not strong during the Tet holiday, but the impact varies among listed retailers. On the positive side, the consumer confidence index in 1Q24 increased to...
Featured Analysis
SBV turns to liquidity withdrawal as USDVND rebounds
Vietnam economy preserves acceleration momentum on exports
Power sector – Preview – [Neutral] – 3Q24F Preview: The comeback of Hydropower
Economic drivers preserve their roles
SBV returns to liquidity injections
Seafood sector – Preview – [Overweight] – 3Q24F Preview: A robust growth trajectory
Oil & Gas sector – Preview – [NEUTRAL] – 3Q24F Preview: low Gas, robust Drilling
