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. In 3Q24, PVD may record double-digit growths thanks to higher workload with 2 leased rigs working and may continue to enjoy higher day rates amid high drilling demand in Southeast Asia.
Featured Analysis
HDG – Brief – [NONRATED] – NPAT boosted by drop in interest expenses
VJC – Brief – [NONRATED] – Strong core business, new supplying incoming
Seafood: Pangasius market – Indepth – [Overweight] – The tide is turning
VCB- Earnings review-[BUY]- Enhancing asset quality
POW – Earnings review – [HOLD] – Positive results from the low base
HVN – Brief – [NONRATED] – Debt write-off saved bottom line
MWG – Brief – [HOLD] – BHX would open 50 – 100 stores in 2H24F
