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 from Rong Viet

SMC: Q3 could be the toughest quarter

H1 22 – Profits reduced due to high costs; adverse effects from geopolitical tensions and global monetary tightening. Gross profit margin has little chance to improve in the H2 as steel prices have not recovered significantly. We recommend 'Observe'....
Rong Viet Tam
Tam Pham @ Rong Viet 26 August 2022

Haxaco: Favourable business conditions support strong growth

Q2 22 performance – Strong sales helped H1 22 results meet c80% of the 2022 target. 2022 outlook: Favourable conditions support sales growth. Our target price is VND26,500. Adding a cash dividend of VND500, the 12-months expected return is 9.8%; Accu...
Rong Viet Anh
Anh Nguyen @ Rong Viet 26 August 2022

Haxaco: Massive rollout of new Mercedes models boosts 2022 sales growth

According to Mercedes-Benz, 2022 is the year marking the start of their new generation cars. Therefore, Mercedes car sales are expected to show an upward trend. H2 22 ASP of Mercedes cars in Vietnam will be higher than H1 22 thanks to the contributio...
Rong Viet Anh
Anh Nguyen @ Rong Viet 8 August 2022

Vietnam Strategy: July – Short-term opportunities arise amid earnings season

Industries (and their sub-sectors) with good Q2 2022 profit growth prospects such as Consumer Goods (Fishery, F&B), Consumer Services (Retail), IT, Utilities (Electricity, Water), Materials (Chemical), Industry (Logistics) continued to witness improv...
Rong Viet Lam
Lam Nguyen @ Rong Viet 12 July 2022

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