Danh mục: Vietnam Market Insights

Six filters in order, starting with foreign room and ending with valuation. Four questions per surviving name, and why published lists cannot work.

A deep dive into SAB, Vietnam’s #1 brewer and owner of Bia Saigon & 333: the 150-year heritage, ThaiBev’s $5bn takeover, a ~21,000 bn cash fortress, an ~10% dividend, the structural headwind of Decree 100 and rising tax, and the SCIC-divestment unknown — pros and cons weighed.

Profit above VND 6,600 billion in 2022, then ninety per cent of it gone in 2023 – same plant, same people. Should you buy DPM stock of Phu My Fertilizer?

A deep dive into VNM, Vietnam’s #1 dairy blue chip: the Mai Kieu Lien legacy, an owner-less multi-polar structure, the brand-and-distribution moat, a ~6-7% dividend, the de-rating from growth star to income stock, and saturated growth — pros and cons weighed.

Sixty-three years building Vietnam’s power grid, seven hydro plants and a nickel mine – then a governance vacuum nobody saw coming. Should you buy PC1 stock?

Four disclosure sources, three constraints that shape every foreign portfolio, and the one calculation that turns a holdings list into information.

A deep dive into POW, Vietnam’s #2 power producer and first LNG-power pioneer: the gas-coal-hydro portfolio, the billion-dollar Nhon Trach 3&4 LNG gamble, why to read EBITDA not P/E, and the power-shortage story — pros and cons weighed.

Seven toll roads paying every day, a Thu Thiem land bank nobody can replace, and a convertible bond machine that keeps thinning the pie. Should you buy CII stock?

A deep dive into PLX, Vietnam’s #1 fuel hub with ~50% share and ~5,500 stations: enormous revenue but a ~1% mechanism-capped margin, oil-sensitive inventory losses, hidden golden-land value, steady dividends and the EV pivot — pros and cons weighed.

Irreplaceable coastal land at Phu Quoc and Van Don, a debt-light balance sheet, slow returns and relentless dilution. So should you buy CEO stock in 2026?