Notably, Sabeco is looking to acquire a majority stake in Saigon Binh Tay Beer Corporation, commonly known as Sabibeco Group, which produces beer under the Sagota brand. If Sabeco succeeds in taking control of Sabibeco, it would overtake Heineken as the largest beer producer in Vietnam…

Phu Nhuan Jewelry: Vietnam Stock Overview

the-shiv September 12, 2024

Of note, Vietnam’s gold price exhibited a dramatic upward trend from the start of 2024, culminating in a peak of VND 92.2 million per tael or US$2,981.1 per troy ounce on May 11. This price represented a premium of approximately 20 percent compared to the global gold market at that time…

Asia Commercial Bank: Vietnam Stock Overview

the-shiv September 11, 2024

In the first half of 2024, ACB’s total operating income and net profit rose by 5.5 percent and 4.7 percent year-over-year respectively. This positive growth was primarily attributed to a more stable macroeconomic environment and a rebound in credit demand. As a result, the stock price has risen by 21.2 percent from the beginning of 2024 to September 9…

PetroVietnam Fertilizer and Chemicals Corporation: Vietnam Stock Overview

Huong Nguyen September 10, 2024

It’s notable that domestic urea production capacity currently exceeds actual demand. While the annual domestic demand for urea is estimated to be between 1.6 and 1.8 million tons, domestic urea production capacity is approximately 3 million tons. To tackle this issue, large fertiliser companies like DPM are concentrating on growing their market share in NPK, a type of fertiliser that includes nitrogen, phosphorus, and potassium…

Vietjet Air: Vietnam Stock Overview

the-shiv September 9, 2024

Moving forward, total demand for air passenger transport in 2024 is forecast to reach 84.2 million passengers, an increase of 15 percent compared to 2023. However, the aviation industry has been facing a shortage of aircraft due to a recall of Pratt & Whitney engines. VJC has had to temporarily ground 22 of its 85 aircraft for maintenance and repairs and this may last until 2025…

Vietnam Stock Reviews: Vietnam Rubber Group

the-shiv September 5, 2024

GVR has earmarked industrial parks as a future growth driver as opposed to rubber. As the largest natural rubber producer in Vietnam, GVR owns 373,182 hectares of land in Vietnam and. In late 2023, the company received the Prime Minister’s approval for the conversion of nearly 25,000 hectares of this land to industrial parks…

REE Corporation: Vietnam Stock Overview

Huong Nguyen September 4, 2024

In the first half of 2024, REE’s revenue reached US$161.5 million, down 11.5 percent year-on-year. This is partly due to the El Niño phenomenon which has seen drought-conditions in parts of Vietnam, reducing water in hydropower catchments. Additionally, a government policy prioritizing coal-fired thermal power plants to conserve water during the dry season has limited hydropower’s participation in the electricity market…

Electronics Retailer Digiworld: Vietnam Stock Overview

Huong Nguyen September 2, 2024

As the core business of Digiworld, the electronic devices segment has been challenged by declining demand and intense competition–in the broader market, electronics retail chains like FPT Shop and Mobile World, have also closed a number of underperforming stores. With this in mind, Digiworld has implemented a horizontal development strategy, which involves adding new brands and entering new industries through mergers and acquisitions…

Vinh Hoan (seafood): Vietnam Stock Overview

the-shiv August 30, 2024

Vinh Hoan, listed on the Ho Chi Minh Stock Exchange under the ticker VHC, is a leading Vietnamese seafood company. Established in 1997, it has become one of the world’s largest pangasius exporters, with a strong presence in the US and Europe…

Gelex Electric: Vietnam Stock Overview

the-shiv August 28, 2024

Of note, in August 2024, 300 million shares in Gelex Electric were officially listed on the Ho Chi Minh Stock Exchange under the ticker GEE. Previously, the stock had been traded on the Unlisted Public Company Market…

Vietnam Stock Reviews: Khang Dien (real estate)

Huong Nguyen August 27, 2024

In the first half of 2024, KDH’s revenue declined by 3.5 percent, and profit dropped by 32.5 percent compared to 2023. That said, Khang Dien has two major projects slated for sale in the fourth quarter of 2024, including the Emeria & Clarita—low-rise housing and apartment developments in Thu Duc City, co-developed with Singapore’s Keppel Land, featuring 200 townhouses, villas, and 600 apartments. As these projects are completed and launched, business results are expected to improve.

Vietnam Stock Review: Techcombank

the-shiv August 22, 2024

In 2023, pre-tax profit and total operating income went on to decline by 10.5 percent and 1.2 percent year-over-year, respectively, mostly due to rising interest costs on deposits outpacing income from lending. This was common among many banks that had aggressively mobilized capital at high interest rates in late 2022 but subsequently struggled to lend after the housing bubble bursting in October of that year. That said, 2023 was a better year, with the stock price rising 45 percent from November 2022 to December 2023.

Vietnam Stock Reviews: TNG (textiles and garments)

the-shiv August 17, 2024

The textile and garment industry is projected to continue growing in the second half of 2024, however, gross margins are expected to remain under pressure. The 6 percent increase in the minimum wage in Vietnam starting in July 2024, coupled with difficulties in raising product prices because of competition from rival countries, will likely hinder margin growth.

Vietnam Stock Reviews: Masan Group (consumer goods)

Huong Nguyen August 16, 2024

As of the second quarter of 2024, Masan Group’s net revenue was up by 8.2 percent year-over-year, driven by its core retail consumer businesses. This was in part credited to Masan Consumer Corporation, which trades under ticker MCH on Vietnam’s Unlisted Public Companies stock market…

Vietnam Stock Reviews: FPT Corporation (technology)

Huong Nguyen August 15, 2024

While the company’s fundamentals are strong, the current high valuation warrants a cautious approach in the short term. Investors with a long-term horizon may find FPT to be an attractive investment opportunity, but they should carefully consider the potential risks before making a decision…

Vietnam Stock Review: Nam Viet Corporation (seafood)

Huong Nguyen August 14, 2024

Vietnamese pangasius exports reached US$2.4 billion in 2022, a 52 percent increase compared to 2021. Expanded export markets and increased consumption in major regions like China and Hong Kong contributed to this growth. As a result, the company’s stock price tripled between May 2021 and June 2022. However, the pangasius industry faced a significant downturn in 2023 shrinking by 24 percent…

Vietnam Stock Reviews: Hai An Transport & Stevedoring

Huong Nguyen August 13, 2024

In the second quarter of 2024, Hai An recorded an increase in revenue and profit compared to the same period last year. This growth was attributed to factors such as the expansion of its fleet, the opening of new domestic and international routes, and rising freight rates…

Vietnam Stock Reviews: Should you buy Novaland?

Huong Nguyen August 12, 2024

Given a number of challenges and uncertainties, buying Novaland shares at this time should be considered carefully. The company’s financial health, operational performance, and overall real estate market conditions pose significant risks…