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


Latest articles from Rong Viet

HAI Phong Thermal Power: Q3 21 review – High mobilisation rate

Volume in Q3 21 was roughly 1.7bn kWh, +23% yoy thanks to lower La Nina magnitude compared to Q3 20, and -8% qoq (due to the rainy season in Q3). This steeper decline compared to the volume is because of the lower contract volume and price. NPAT in Q...
Rong Viet Thao
Thao Nguyen @ Rong Viet 21 October 2021

Gemadept Corporation: A temporary setback before substantial growth next year

As the lockdown did not have much of an affect on container throughput volume in July, 7M 2021 port revenue still posted a double-digit growth of 22% yoy to VND1,447bn (or US$63mn). We expect Q3-2021 EBIT to drop by 25% yoy mainly due to inflated ope...
Rong Viet Tung
Tung Do @ Rong Viet 15 October 2021

PetroViet Nam Transportation: Q2 21 update – Stable growth

Q2 21 sales increased by 3.1% yoy to VND1,873bn (US$83.2mn). In addition, PVT will book VND10bn (US$0.4mn) from liquidating PVT Jupiter in Q3 21. In Q4, there will be an improvement in business thanks to investment in new fleets and abnormal profit. ...
Rong Viet Vu
Vu Tran @ Rong Viet 24 September 2021

Hoa Phat Group: Brighter prospects in the flat steel segment

Revenue and NPAT increased by 72% yoy and 254% yoy, respectively, owing to increasing selling prices and additional HRC capacity from Dung Quat. The demand for HRC from downstream segments is robust as exporting activities to the EU and North America...
Rong Viet Tu
Tu Pham @ Rong Viet 24 September 2021

Gia Lai Electricity: Earnings increase slightly due to oversupply

GEG's revenue and NPATMI are estimated to be VND1,550bn (or US$67mn) and VND273bn (or US$12mn), +4% and 6% yoy, respectively in 2021. Three wind power plants will begin commercial operation in Q4 21 and will boost the company's earnings in the medium...
Rong Viet Thao
Thao Nguyen @ Rong Viet 13 September 2021

PetroViet Nam Technical Services: Hit by gloomy upstream activities in the short term

The company reported Q2 21 revenue of VND3,063bn (-43.6% yoy) while NPATMI came in at VND152bn (-42.8% yoy). For H1 21, revenue was down 35% yoy to VND5,689bn while NPATMI was VND308bn, down 18.3% yoy. On the contrary, profit from JVs will support 20...
Rong Viet Vu
Vu Tran @ Rong Viet 13 September 2021