Rong Viet

Estimated Q2 21 revenue/NPAT amounted to VND212bn (+47% yoy)/VND150bn (+51% yoy) on the back of resilient international air freight volume throughput and the low base effect. Cumulative H1 21 revenue and NPAT have both completed 54% of our full-year ...

FPT posted 5M 2021 revenue of VND13.3tn (+18.6% yoy) and PBT at VND2.4tn (+21.8% yoy), slightly below our expectations by completing 36%/40%, respectively, of the corresponding forecasts due to lower-than-expected global IT services performance. Prod...

We have a positive outlook on QNS’s business results in FY 21 as we expect the sugar segment to lift the company's overall income thanks to a rally in sugar price, surging by 30% yoy in FY 21, according to our estimates. On the contrary, due to a ral...

The market will move into a "quiet period" once Q1 21 business results are fully released. Meanwhile, April CPI decreased by 0.04% mom, and increased by only 0.89% in 4M 21, indicating that inflationary pressure is not something to worry about yet an...

Q1 revenue increased by 14.6% yoy but NPAT surged by 63% due to high selling price and lower interest payment. The target price one year out is VND26,100/share. Upside of 48%, corresponding to a Buy. Input gas price in Q1 increased 22% yoy, in line w...

4M 2021 net sales reached VND40.4tn (US$1.7bn, +9% yoy) while NPAT jumped to VND1.7tn (US$72.9mn, +26% yoy), completing 32% and 34% of our full-year forecast, respectively, relatively in line with our expectations. TGDD & DMX accumulated revenue of c...