Do Ngoc Quynh

We reiterate our ADD rating with upside of 27% and a dividend yield of 2%. We lower our TP by 19% due to lower FY26-27 EPS forecasts after updating our assumptions for the COD/CCA resolution mechanism at solar power plants…

GAS set a relatively conservative 2026 business plan, targeting PAT to decline 22.2% YoY, reflecting management’s cautious view amid continued volatility in the global market. 1Q26 PAT grew 9% YoY, mainly driven by higher estimated dry gas selling prices and…

1Q26 net profit (NP) surged 100% YoY to VND306bn (USD11.6mn), driven by growth in all core-business segments. 1Q26 NP was in line with our expectations at 20.4% of our full-year forecast. We see some upward pressure on our target price…