PC1 – Update – Poised for a major profit upswing
Posted: Nov 14, 2025
- 3Q25 net profit surged 89% yoy, marking a clear recovery after the weak 1H25 period, supported by robust growth in the construction segment.
- 2025/26/27 NP to grow 78%/31%/34% yoy, driven by the handover of residential and IP projects. The construction segment is also expected to remain a key growth pillar, supported by a bright industry outlook under the Revised PDP8.
- Reiterate ADD with higher target price of VND 28,100/share.
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