PVS – Update – Riding the new waves
Posted: 12/06/2025
- In 5M25, PVS showed positive progress in EPCI contracts of the Block B – O Mon project, which EPCI#1 reached 22% and EPCI#2 reached 47%.
- We expect net profit of PVS to increase 7,8% and 15,4% in 2025 and 2026, respectively, as the improving gross profit margin in the M&C segment may offset the effect from potential provision expenses.
- Reiterate ADD rating with a lower target price of 42.600 VND/share.
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