Week 29/07 – 02/08

Company: fpt.vn, frt.vn

FPT VN: plans to spend more than VND1,460 bn to pay cash dividends in advance at the rate of 10% for the first phase of 2024 in Q42024.

Comment: I wonder how long this tailwind lasts for….

FRT VN: announced to establish FPT Long Chau Investment Company Limited to manage the investment at FPT Long Chau Pharmaceutical Joint Stock Company with charter capital of nearly VND674 bn (100% owned by FRT).

Comment: Now they’ve set it up? What were they doing before? Remember – Long Chau has been the key driver of the share price – not the financials – the share price over the past 2 years. What Mickey mouse bs is this? Now they setup a company to manage it…

Financials

• HVN VN: recorded, Q22024, revenue of VND24,630 bn and PAT of VND1,035 bn. For 6M2024, HVN recorded revenue of VND52,594 bn (+20% YoY) and PAT of VND5,476 bn, completing 49.6% of revenue plan and 129% of profit target.
• HPG VN: recorded, Q22024, revenue of VND39,555 bn (+34.1% YoY) and PAT of VND3,320 bn (+129% YoY). For 6M2024, HPG recorded revenue of VND70,408 bn (+26% YoY) and PAT of VND6,189 bn (+238% YoY), completing 51% of revenue plan and 62% of profit target.
• CTD VN: recorded, Q22024, revenue of VND6,595 bn (+82% YoY) and PAT of VND59 bn (+95% YoY). For 6M2024, CTD recorded revenue of VND21,045 bn (+31% YoY) and PAT of VND299 bn (+343% YoY), completing 100% of the year plan.
• GMD VN: recorded, Q22024, revenue of VND1,181 bn (+29% YoY) and PAT of VND418 bn (-76% YoY). For 6M2024, GMD recorded revenue of VND2,187 bn (+21% YoY) and PAT of VND1074 bn (-46% YoY), completing 55% of revenue plan and 72% of profit target.
• MWG VN: recorded, Q22024, revenue of VND34,134 bn (+16% YoY) and PAT of VND1,172 bn (+67 times higher YoY). For 6M2024, MWG recorded revenue of VND65,621 bn (+16% YoY) and PAT of VND2,075 bn (+54 times higher YoY), completing 52% of revenue plan and 86% of profit target.
• VNM VN: recorded, Q22024, revenue of VND16,656 bn (+10% YoY) and PAT of VND2,695 bn (+21% YoY). For 6M2024, VNM recorded revenue of VND30,768 bn (+6% YoY) and PAT of VND4,309 bn (+19% YoY), completing 49% of revenue plan and 52% of profit target.
• PVS VN: recorded, Q22024, revenue of VND5,578 bn (+18% YoY) and PAT of VND208 bn (-12% YoY). For 6M2024, PVS recorded revenue of VND9,287 bn (+10% YoY) and PAT of VND513 bn (+11% YoY), completing 60% of revenue plan and 78% of profit target.
• BFC VN: recorded, Q22024, revenue of VND2,916 bn (+25% YoY) and PAT of VND190 bn (+192% YoY). For 6M2024, BFC recorded revenue of VND4,856 bn (+32% YoY) and PAT of VND264 bn (+915% YoY), completing 68% of revenue plan and 155% of profit target.
• GEX VN: recorded, Q22024, revenue of VND8,250 bn (+3.2% YoY) and PBT of VND1,385 bn (+59.2% YoY). For 6M2024, GEX recorded revenue of VND14,910 bn (+3.5% YoY) and PBT of VND1,770 bn (+74.6% YoY), completing 46.2% of revenue plan and 92.1% of profit target.
• HAH VN: recorded, Q22024, revenue of VND949 bn (+55% YoY) and PAT of VND127 bn (+59% YoY). For 6M2024, HAH recorded revenue of VND1,653 bn (+30% YoY) and PAT of VND174 bn (-16% YoY), completing 50% of revenue plan and 60% of profit target.
• TCM VN: recorded, Q22024, revenue of VND846.7 bn (+19% YoY) and PAT of VND72.3 bn (+3,052% YoY). For 6M2024, TCM recorded revenue of VND1,780.9 bn (+12% YoY) and PAT of VND134.9 bn (+136% YoY), completing 48% of revenue plan and 83% of profit target.
• NVL VN: in 1H, Novaland recorded revenue of VND2,246 bn, PAT of parent company shareholders was VND374 bn, a sharp increase compared to the loss of more than VND1,000 bn last year.
• VCB VN: has just announced its 2Q financial report with consolidated PBT reaching more than VND 10,116 bn, + 9% yoy. Accumulated in 6M, VCB’s consolidated PBT reached nearly VND 20,835 bn, +1.6% yoy.
• CTG VN: recorded PBT in 2Q of VND 6,750 bn, +3% yoy. Accumulated in 6M, VietinBank’s consolidated PBT reached VND 12,960 bn, + 3% yoy.
• PLX VN: recorded PBT of VND1,503 bn, up more than 41% yoy. PAT reached VND1,275 bn, + 43% yoy. Accumulated in 6M, Petrolimex recorded net revenue of VND148,943 bn and PBT of VND2,407 bn, + nearly 12% and 54% yoy, respectively.
• VHC VN: recorded, Q22024, revenue of VND3,196 bn (+17% YoY) and PAT of VND336 bn (-26% YoY). For 6M2024, VHC recorded revenue of VND6,051 bn (+22% YoY) and PAT of VND525 bn (-23% YoY).
• QNS VN: recorded, Q22024, revenue of VND2,820 bn (-11% YoY) and PAT of VND690 bn (-3% YoY). For 6M2024, QNS recorded revenue of VND5,343 bn (+1% YoY) and PAT of VND1,222 bn (+19% YoY), completing of 59% of revenue plan and 91% of profit target.
• BID VN: recorded, Q22024, revenue of VND20,225 bn (+17.2% YoY) and PAT of VND6,534 bn (+17.7% YoY). For 6M2024, BID recorded revenue of VND37,396 bn (+8.3% YoY) and PAT of VND12,449 bn (+12.1% YoY).
• DIG VN: recorded, Q22024, revenue of VND821 bn (+408% YoY) and PAT of VND125 bn (+1,108% YoY). For 6M2024, DIG recorded revenue of VND822 bn (+129% YoY) and PAT of VND4 bn (-95% YoY), completing of 26% of revenue plan and 5% of profit target.
• KDH VN: Tien Loc Investment Joint Stock Company and Vietnam Investment Limited bought total of 28.6 mn KDH shares on July 24th and 25th, increasing ownership to 13.03% and 1.38%, respectively.
• DCM VN: recorded, Q22024, revenue of VND3,863 bn (+17% YoY) and PAT of VND570 bn (+97% YoY). For 6M2024, DCM recorded revenue of VND6,607 bn (+10% YoY) and PAT of VND919 bn (+70% YoY), completing 56% of revenue plan and 116% of profit target.
• ACV VN: recorded, Q22024, revenue of VND5,535 bn (+12% YoY) and PAT of VND3,228 bn (+24% YoY). For 6M2024, ACV recorded revenue of VND11,178 bn (+16% YoY) and PAT of VND6,149 bn (+45% YoY), completing of 56% of revenue plan and 81% of profit target.
• HSG VN: recorded, Q32024, revenue of VND10,840 bn (+25% YoY) and PAT of VND273 bn (+1,825% YoY). For 9M2024, HSG recorded revenue of VND29,163 bn (+24% YoY) and PAT of VND696 bn, completing of 100% of profit target.
• NLG VN: will issue private bonds of a maximum of VND950 bn, expected in Q32024. The bond batch has a term of 36 months and is guaranteed by 34.5 mn shares at Southgate Joint Stock Company.
• MSN VN: recorded, Q22024, revenue of VND20,134 bn (+8% YoY) and PAT of VND946 bn (+120% YoY). For 6M2024, MSN recorded revenue of VND38,989 bn (+4% YoY) and PAT of VND1,424 bn (+64% YoY).
• VGC VN: recorded, Q22024, revenue of VND2,712 bn (-31% YoY) and PAT of VND171 bn (-73% YoY). For 6M2024, VGC recorded revenue of VND5,351 bn (-20% YoY) and PAT of VND408 bn (-47% YoY), completing of 40% of revenue plan and 52% of profit target.
• HBC VN: will proceed to transfer the listing of nearly 347.2 mn shares to the UPCOM. The exchange transfer is expected to be completed in August.

Country

• Viet Nam’s retail sales and services revenue in the first seven months of this year totalled about VNĐ3.6 quadrillion (US$143.2 bn), + 8.7 % yoy, the General Statistics Office (GSO) said.
• The consumer price index (CPI) in HCM City in July rose by 0.23 per cent from the previous month, the municipal Statistics Office said on July 31.
• Viet Nam’s fruit and vegetable export value in the first seven months of 2024 rose by 23.4 per cent year on year to more than US$3.8 bn.
• E-commerce sales in Viet Nam are expected to reach US$30 bn by the end of this year, heard a meeting held in HCM City by the Ministry of Industry and Trade’s Trade Promotion Agency and the city’s Investment & Trade Promotion Centre (ITPC) on July 29.
• HCM City’s economy is expected to accelerate in 2H and is likely to achieve growth of 7-7.5 % in 2024, according to a report.
• Viet Nam’s overseas investment reached approximated US$150.7 mn in 7M 2024, data of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment showed.
• In the 7M 2024, Hanoi surged ahead with $1.3 bn in foreign direct investment (FDI), marking a remarkable 65% increase compared to the same period in 2023, according to the Hanoi Department of Planning and Investment.
• Vietnam has seen nearly 10 mn international tourists coming in 7M of this year, + 51% yoy and +1.9% rise compared to the same period in the pre-Covid year 2019, according to data from the General Statistics Office.
• Vietnam’s total imports and exports have reached nearly US$440 bn so far this year, +17.1% yoy, according to the General Statistics Office.
• According to the Viet Nam Association of Seafood Exporters and Producers (VASEP), in 1H, the shrimp export value reached about US$1.6 bn, +6% yoy.
• Foreign investors registered to put in more than US$18 bn in Viet Nam as of July 20, +10.9 % yoy, according to the latest updates of the Foreign Investment Agency.
• IIP is continuing its positive growth pace in July with + 0.7 % over June and 11.2 % yoy, according to GSO.
• Rice exports could generate a record US$5 bn this year if the current pace of shipment is maintained. There is ample room for Vietnamese rice exports as demand in major rice importers such as the Philippines, Indonesia, China and Africa is huge.
• Long An has 35 industrial parks with a total planned area of 9,364.4 hectares and 26 of them are eligible for taking on investment projects, with a combined area of 5,982.1 hectares. In the first half of this year, Long An attracted 37 foreign direct investment projects worth over US$220 million and 11 domestic projects capitalized at more than VND767 bn.
• Deputy Prime Minister Tran Hong Ha has requested the Ministry of Industry and Trade to weigh increasing the purchase rate of surplus rooftop solar power to 20% of installed capacity.