Thẻ: English

Four settled facts, two genuine unknowns, three scenarios tied to published data rather than price levels, and the three flow mechanisms most coverage blends into one.

A deep dive into GMD, Vietnam’s number-one private port operator: the north-south two-pole system, the scarce Gemalink deep-water port and its CMA CGM partner, the two-layer profit and why to value it by EV/EBITDA not P/E, plus the trade-cycle and tariff sensitivity — pros and cons weighed.

A broker with top-tier capital and under 2% market share, the last big name left on the Hanoi exchange, and a Finnish fund on its register. Should you buy SHS?

A deep dive into DCM, one of Vietnam’s two largest urea makers and the only granular-urea producer: the PVN backing and gas-price double-edged sword, the finished-depreciation margin jolt, a ~5.7% cash dividend, booming exports, and why the ~10x P/E is a cycle trap — pros and cons weighed.

A carpentry shed in Pleiku, the richest man on the exchange, a VND 35 trillion debt pile, then the day the accumulated losses hit zero. Should you buy HAG?

Session structure with auctions at both ends, daily price bands that differ by exchange, and a T+2 settlement cycle — and why the band matters most.

A deep dive into DGC, Vietnam’s largest chemicals maker and a top yellow-phosphorus exporter: the vertical-integration moat, a ~13,000 bn cash fortress, the Nghi Son and $2.3bn Dak Nong bets, the commodity cycle, and two serious governance red flags — a qualified audit and prosecuted leaders — pros and cons weighed.

The state sold control in thirty minutes on Christmas Day 2015. Ten years on, Gelex has two listed pillars and 4,500 hectares of industrial land in hand.

A deep dive into MSN, a leading Vietnamese consumer-retail conglomerate: the ‘Point of Life’ ambition, the WinCommerce turnaround, the Masan Consumer cash machine, the ~20% Techcombank nest egg, the high-debt leverage story, and why to value it by SOTP not P/E — pros and cons weighed.

Bond debt at zero, the project pipeline at its thickest – and the stock down more than forty per cent in seven months. Should you buy KDH stock of Khang Dien?