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21/04
Year 2026
VHM – Impressive 2026 guidance and dividend policy – AGM Note
VHM guided for FY26 total revenue of VND285tn (USD11mn; +86% YoY) and NPAT of VND60tn (USD2.3mn; +38% YoY), supported by a substantial handover backlog at end-2025 and solid progress in bulk sales transactions across existing projects. Regarding FY2025 profit distribution,…
21/04
Year 2026
PVD – PVD’s key AGM takeaways – AGM note
PVD set conservative guidance for 2026 with revenue growth remaining flat YoY while NPAT decreases 24% YoY. 1Q26 pre-tax profit is estimated at VND400bn (USD15.2mn), fulfilling 37% of FY26 guidance and 22% of our full-year forecast. Despite energy transition trends,…
21/04
Year 2026
PVT – Positive prospects amid global uncertainty – AGM note
PVT set its guidance for 2026 with revenue growth of 3% YoY while NPAT declines 9.7% YoY. 1Q26 pre-tax profit is estimated at VND460bn (USD17.5mn), equivalent to 31% of FY26 guidance and 23% of our full-year forecast. Management believes global…


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