DCM - The Thrust from Selling Price Is Not Strong Enough
We value DCM shares using two methods: discounted cash flow (DCF) and sum of the parts (SoTP), with equal weighting of 50:50.
65 Views
AIRPORTS CORPORATION OF VIETNAM - Bad Debt Risks Overshadow Many Growth Opportunities
Net revenue grew by 13% YoY, reaching VND 4.9 trillion, while NPAT increased by 26% YoY, recording VND 2,898 bn after excluding airport...
231 Views
KDH - Potential Land Fund – Sustainable Growth in the Long Term
In our cautious view, the current market price does not fully reflect the long-term growth prospects and the company’s position.
295 Views
VNM - The Big Boat Strives to Conquer Mighty Waves
We observe that VNM’s business performance growth has stagnated since Covid-19, with its market share declining amid a gloomy domestic dairy market.
179 Views
PVT - Contribution of New Vessels as Growth Driver in 2025
Using a combination of the P/E and P/B comparative methods, we determine the fair price of PVT shares for the next 12 months to be VND 31,500 per...
277 Views