Published Date: 17/03/2025
- GMD's port operation is facing short-term challenges as major ports have exceeded capacity and competitive pressure is increasing.
- Net profit for the period 2025-2026 is expected to increase by 12.8% and 8.5% yoy, respectively, thanks to the Nam Dinh Vu Phase 3 and the plan to expand the fleet in the logistics segment.
- We recommend HOLD for GMD with a target price of 67,400 VND/share.
