PVD
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...
31
October
PVD – Earnings Review – [BUY] – Keep up the momentum
PVD’s 3Q24 revenue grew by 77% yoy (VND2,438bn, 104% of KIS forecast), attributed to high workload. NPAT-MI, accordingly, rose by 21% yoy to VND182bn, fulfilling 110% of our forecast.
02
October
Oil & Gas sector – Preview – [NEUTRAL] – 3Q24F Preview: low Gas, robust Drilling
The bright spot of Oil & Gas sector in 3Q24F is a robust Drilling segment, and PVD is the largest listed beneficiary. Meanwhile, natural gas may see a strong retreat...
07
August
PVD – Earnings review – [BUY] – Solid core business in 2Q24
PVD’s 2Q24 revenue grew by 60% (VND2,254bn) with high day rates and high workload, NPAT-MI declined by 17% yoy but mainly due to the high base abnormal profit last year....
Featured Analysis
SBV injects significantly to ease year-end liquidity pressure despite amplified USDVND strain
Market Trader: Improved liquidity
Oil & Gas sector – In-depth – [NEUTRAL] – 2025 Outlook: LNG gains the spotlight
Derivatives: Low liquidity
Market commentary: Waiting for confirmation from liquidity
SBV strengthens liquidity withdrawal amid amplified USDVND pressure
Covered warrant: Cautious market
