VHC's VND 930B Buyback: Historical Low P/E and a Dual Insider Signal
Vinh Hoan completed a VND 930 billion share buyback while the chairman's daughter had already put VND 436 billion of her own money into VHC in January. Two actions, two different signal strengths. P/E at its lowest in eight quarters.
BTMH's HOSE IPO: 35x Profit and the Variable That Changes Everything
For the first time in 17 years, HOSE is set to welcome a second gold company. Bao Tin Manh Hai's near-35x profit surge in 2025 is a compelling headline, but the real valuation question runs three layers deep.
VCB: Doubtful Loans Up 7x, Overall NPL Stays at 0.62%
Vietcombank's Q1/2026 earnings contain an alarming number: Group 4 loans jumped more than 7-fold. But the full picture tells a different story.
HBM4 Sold Out for 2026, Samsung Hit by 18-Day Strike
Samsung's entire HBM4 production capacity for 2026 is already contracted to Nvidia and major data centers. That same week, 45,000 workers announced an 18-day strike: the paradox of AI chip success.
Dragon Capital Raises VIC, VHM to 17% NAV: Not the Peak Yet
In April 2026, Dragon Capital accumulated millions of additional VIC and VHM shares, bringing combined allocation to 17% of NAV. Vietnam's largest fund group says straight out: a 7-8x gain from the trough is not the peak, but that thesis rests on three specific risks investors need to understand.
REE's Power Transfer: A Singaporean Now Chairs the Board
Founder Nguyen Thi Mai Thanh is stepping down as REE's Board Chairman because of a single clause in Vietnam's Enterprise Law. A three-tier structure taking effect 10 July 2026 puts a Singaporean shareholder at the top for the first time.
Vietnam Jasmine Rice at a 10-Year High: Three Drivers and the PAN Earnings Trap
Vietnam's Jasmine rice just hit its most expensive level in a decade, driven by three converging forces. But PAN Group's 40x profit headline is not the rice story you think it is.
HVN: Q1 Record Profit, 50% Pay Cut, Three Brent Scenarios
Vietnam Airlines posted a record Q1 profit, then slashed leadership pay by up to 50%. One variable explains both: Brent crude. Three scenarios will decide HVN's second half of 2026.
Honda's First Loss Since 1957: Betting on the Wrong EV Timeline
Honda just reported a USD 2.7 billion net loss for fiscal year 2026, its first annual loss in 69 years. The cause was not a market downturn but a capital commitment built on adoption forecasts that reality never matched.
VinFast Sells Factories for $530M, Keeps Brand and IP
VinFast is divesting its entire manufacturing arm VFTP for $530 million, removing roughly VND 182,000 billion in debt from its balance sheet and pivoting to an asset-light model. Three unanswered variables will determine whether this gamble pays off.
Natural Rubber Hits 9-Year High, Yet GVR Margins Are Shrinking
Natural rubber reached 223.30 US cents/kg on May 12, a nine-year high. Yet Q1/2026 results for GVR, DPR, and PHR reveal a counterintuitive story: prices surged, gross margins contracted.
BSR Joins VN30: Two Demand Layers Investors Must Distinguish
From May 13, the four VN30 ETFs automatically buy BSR to replace DGC. Technical ETF demand has largely priced into a 14% four-session surge; BSR's fundamental value is a longer story tied to Brent above $100.
Novaland Changes Hands: VND 186,000B in Liabilities Stays
Bui Thanh Nhon has fully exited Novaland after 21 years. His 44-year-old successor inherits VND 186,000 billion in liabilities, three concurrent debt restructuring tracks, and a stock that has fallen 20% in 8 sessions since the AGM.
MPC Posts 12x Profit Surge: Operating Leverage and a VND 5,500B Inventory
Revenue doubled but profits multiplied 12-fold: Minh Phu's Q1 2026 earnings are a textbook case of operating leverage in the shrimp processing industry. A VND 5,500 billion inventory nearly matching total equity raises questions for the quarters ahead.
Au Lac Group Raises ACB Stake to 6% After Two Decades of Silence
From below the major-shareholder threshold to 6% in just a few months, the Au Lac family group is placing a clear long-term bet on ACB's 2026 growth story ahead of a 667-million-share issuance.