Rong Viet
Rong Viet

Rong Viet

Coverage: Vietnam
Rong Viet Securities (RongViet) is a full service brokerage founded in December 2006 by leading financial and trading institutions and banking specialists in Vietnam.
Location: Ho Chi Minh City

Analysts

Latest from Rong Viet

Vietcombank: Lasting revenue pressures and positive cost cuts in the first half

VCB maintained its growth momentum in Q1 22 with moderate earnings results (15% yoy), driven by robust net interest income and net profit margin. Non-interest income was impacted by the bancassurance fee bonus, zero transaction fee package and high c...
Rong Viet Thanh
Thanh Nguyen @ Rong Viet 15 June 2022

Gemadept Corporation: China reopening to bolster throughput from June

Significant growth in NPATMI in 1Q2022. Throughput in April and May declined slightly, but we expect it to grow from June this year. We raise our target price for GMD to VND65,700 and recommend Accumulate.
Rong Viet Thao
Thao Nguyen @ Rong Viet 8 June 2022

Binh Dien Fertilizer: Positive outlook for 2022 but unlikely to continue in 2023

After posting positive results in 2021, BFC announced Q1 22 earnings with growth of 46.8% and 19.3% in net revenue and NPATMI, respectively. However, revenue growth came from a higher ASP while sales volume fell 15.1% in Q1 22. BFC maintained huge in...
Rong Viet Vu
Vu Tran @ Rong Viet 6 June 2022

Vietnam Strategy: April 2022 – Tailwinds from AGM and earnings season

We remain positive on Vietnam equities in the long term due to the following structural catalysts: better domestic demand, companies’ earnings prospect, economic activities and FDI inflows on the back of broader economic reopening and fiscal stimulus...
Rong Viet Lam
Lam Nguyen @ Rong Viet 11 April 2022

Military Commercial: 2022/2023 outlook: Credit growth and credit cost margin are solid growth factors

The consumer finance segment of the group has expanded to make up c6% of the consolidated loan book. Despite the growing contribution of riskier segments, we expect operating costs control and easing credit cost margin to prevail to contribute signif...
Rong Viet Thanh
Thanh Nguyen @ Rong Viet 30 March 2022

Vietnam power sector – Growth on the back of the economic recovery

The thermal group benefits from high contracted volume and high selling price on CGM. Hydropower plants continue to benefit from hydrology conditions. Renewable energy group to wait for the new scheme to expand capacity.
Rong Viet Thao
Thao Nguyen @ Rong Viet 22 March 2022