VOS
23
May
VOS – Brief – [NONRATED] – Unfavorable time
In 1Q25, VOS reported a VND462bn revenue (-65% QoQ, -58% YoY). Shipping revenue down to VND477bn due to weak market and falling rates in both dry bulk and product tanker...
22
January
VOS – Brief – [NONRATED] – Lower freight rates dampened 4Q24 profit
In 4Q24, VOS reported a VND1.32tn revenue (+4% QoQ, +45% YoY). Shipping: revenue inched down to VND477bn (36% of total revenue, - 3% QoQ, -4% YoY) due to significant decline...
05
November
VOS – Brief – [NONRATED] – 3Q24: Loss yet improved
In 3Q24, VOS reported a VND1.27tn revenue (-32% QoQ, +77% YoY). In particular: Commercial revenue soared to VND778bn (-38% QoQ, +218% YoY), Shipping revenue inched up to VND492bn (-20% QoQ,...
07
August
VOS – Brief – [NONRATED] – 2Q24: Record quarter earnings result
In 2Q24, VOS reported a VND1.87tn revenue (+80% YoY). Significant ship depreciation in 2Q24 caused VND23bn gross profits loss, however, VND393bn pre-tax profits from oil tanker liquidation boosted NPAT to...
Featured Analysis
Oil & Gas – In-depth – [NEUTRAL] – 2H25 Outlook: Tailwinds at home, headwinds abroad
Aviation – In-depth – [NONRATED] – 2H25 Outlook: Hold Altitude
Derivatives: Rising liquidity
Market commentary: Market divergence
Derivatives: A breakout session?
Market commentary: Strong foreign inflows
Fund flow: Strong capital outflows in Thailand
