Residential Developers (KDH, NLG, DXG, and DXS) - Presales Improvement to Continue in H2 2024
In H1 2024, KDH surpassed our previous expectations for its undisclosed land plot sales and gross margin. NLG's earnings and DXG/DXS's brokerage...
293 Views
PVD [OUTPERFORM +11.4%] - Lowering forecasts on slower domestic E&P spending - Update
We lower our target price (TP) for PVD by 14% to VND30,800/share but maintain our OUTPERFORM rating as PVD’s share price has declined 15% over the...
167 Views
VPB [BUY +36.0%] - NIM rebound, TOI growth to drive earnings - Update
- We maintain our BUY rating and target price (TP) of VND24,500/share for VPB. - The positive impact of a 9% increase in our aggregate...
168 Views
REE [MARKET PERFORM -1.1%] - Wind capacity expansion to drive medium-term growth - Update
We increase our target price (TP) for REE by 8% but downgrade our rating to MARKET PERFORM as the share price has rallied 28% over the last four...
172 Views