Ms. Huynh Thanh Binh Minh

VRE’s 1Q22 revenue and net profit fell 39% yoy/52% yoy to VND1,369bn/ VND377bn, in line with our forecast. We expect a strong recovery in a couple of next quarters to bring VRE’s earnings to surge 95.5%/64.6% yoy over FY22F/23F, respectively.…

Market commentary: The VN-INDEX had a miraculous recovery at the close of the afternoon session Significant swings were seen in the afternoon session of the VN-INDEX when Material sector received unfavorable news; nevertheless, the bottom-fishing demand towards the end of…

Charm Villas project is the key driver for net profit growth during FY22-23F. We expect power segment to deliver 38.4% yoy growth in FY22F revenue with full-year operation of three renewable power plants. We reiterate our Add call with a…