New Risk • May 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 104% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (₫758.1b market cap, or US$28.8m). New Risk • Apr 21
New major risk - Revenue and earnings growth Earnings have declined by 104% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 104% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₫824.0b market cap, or US$31.3m). Announcement • Apr 03
EVS Securities Joint Stock Company, Annual General Meeting, Apr 22, 2026 EVS Securities Joint Stock Company, Annual General Meeting, Apr 22, 2026, at 13:30 SE Asia Standard Time. Location: 7th floor, no 2 a dai co viet street, hai ba trun ward, hanoi Vietnam Reported Earnings • Mar 29
Full year 2025 earnings released: EPS: ₫73.35 (vs ₫104 in FY 2024) Full year 2025 results: EPS: ₫73.35 (down from ₫104 in FY 2024). Revenue: ₫244.1b (up 12% from FY 2024). Net income: ₫12.1b (down 30% from FY 2024). Profit margin: 5.0% (down from 7.9% in FY 2024). Reported Earnings • Jan 24
Full year 2025 earnings released: EPS: ₫73.35 (vs ₫104 in FY 2024) Full year 2025 results: EPS: ₫73.35 (down from ₫104 in FY 2024). Revenue: ₫244.1b (up 12% from FY 2024). Net income: ₫12.1b (down 30% from FY 2024). Profit margin: 5.0% (down from 7.9% in FY 2024). New Risk • Jul 23
New major risk - Revenue and earnings growth Earnings have declined by 19% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₫1.17t market cap, or US$44.5m). Reported Earnings • Apr 20
First quarter 2025 earnings released First quarter 2025 results: EPS: ₫62.95. Revenue: ₫87.0b (up 46% from 1Q 2024). Net income: ₫10.4b (down 31% from 1Q 2024). Profit margin: 12% (down from 25% in 1Q 2024). Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₫4,900, the stock trades at a trailing P/E ratio of 47x. Average trailing P/E is 17x in the Capital Markets industry in Vietnam. Total loss to shareholders of 78% over the past three years. Announcement • Apr 03
Everest Securities Joint Stock Company, Annual General Meeting, Apr 22, 2025 Everest Securities Joint Stock Company, Annual General Meeting, Apr 22, 2025, at 09:00 SE Asia Standard Time. Location: floor 7, no. 2a dai co viet street, le dai hanh ward, hai ba trung district, hanoi city., Vietnam Reported Earnings • Jan 21
Full year 2024 earnings released Full year 2024 results: EPS: ₫104. Revenue: ₫218.5b (down 38% from FY 2023). Net income: ₫17.2b (down 48% from FY 2023). Profit margin: 7.9% (down from 9.5% in FY 2023). New Risk • Dec 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Share price has been volatile over the past 3 months (5.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₫939.4b market cap, or US$36.6m). New Risk • Nov 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (₫889.9b market cap, or US$35.6m). Reported Earnings • Apr 24
First quarter 2024 earnings released First quarter 2024 results: Revenue: ₫42.7b (down 73% from 1Q 2023). Net income: ₫15.1b (down 81% from 1Q 2023). Profit margin: 35% (down from 51% in 1Q 2023). Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₫6,900, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 17x in the Capital Markets industry in Vietnam. Total loss to shareholders of 37% over the past three years. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Hoang Van Tuyen was the last director to join the board, commencing their role in 2013. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₫26,200, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 7x in the Capital Markets industry in Vietnam. Total loss to shareholders of 5.8% over the past year. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₫27,400, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 10x in the Capital Markets industry in Vietnam. Total returns to shareholders of 47% over the past year. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. No independent directors (4 non-independent directors). Director Hoang Van Tuyen was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₫36,300, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 18x in the Capital Markets industry in Vietnam. Total returns to shareholders of 495% over the past year. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 16% share price gain to ₫36,000, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 13x in the Capital Markets industry in Vietnam. Total returns to shareholders of 400% over the past year. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₫27,000, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 17x in the Capital Markets industry in Vietnam. Total returns to shareholders of 265% over the past year. Reported Earnings • Apr 17
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₫124.3b (up 55% from 1Q 2020). Net income: ₫74.4b (up ₫85.7b from 1Q 2020). Profit margin: 60% (up from net loss in 1Q 2020). Is New 90 Day High Low • Feb 25
New 90-day high: ₫11,400 The company is up 100% from its price of ₫5,700 on 27 November 2020. The Vietnamese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 56% over the same period. Reported Earnings • Feb 04
Full year 2020 earnings released: EPS ₫9,535 The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₫325.3b (up 109% from FY 2019). Net income: ₫57.2b (up ₫49.1b from FY 2019). Profit margin: 18% (up from 5.2% in FY 2019). Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 24% share price decline to ₫8,400, the stock is trading at a trailing P/E ratio of 8.8x, down from the previous P/E ratio of 11.5x. This compares to an average P/E of 12x in the Capital Markets industry in Vietnam. Total return to shareholders over the past year is a loss of 6.7%. Reported Earnings • Jan 22
Full year 2020 earnings released: EPS ₫954 The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₫325.3b (up 109% from FY 2019). Net income: ₫57.2b (up ₫49.1b from FY 2019). Profit margin: 18% (up from 5.2% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Jan 06
New 90-day high: ₫9,100 The company is up 49% from its price of ₫6,100 on 05 October 2020. The Vietnamese market is up 21% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Capital Markets industry, which is up 75% over the same period. Is New 90 Day High Low • Dec 21
New 90-day high: ₫7,400 The company is up 10.0% from its price of ₫6,700 on 22 September 2020. The Vietnamese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 50% over the same period. Is New 90 Day High Low • Nov 27
New 90-day low: ₫5,300 The company is down 25% from its price of ₫7,100 on 28 August 2020. The Vietnamese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 27% over the same period. Is New 90 Day High Low • Oct 23
New 90-day low: ₫5,800 The company is down 17% from its price of ₫7,000 on 24 July 2020. The Vietnamese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 27% over the same period. Reported Earnings • Oct 22
Third quarter earnings released Over the last 12 months the company has reported total profits of ₫2.67b, down 84% from the prior year. Total revenue was ₫275.6b over the last 12 months, up 86% from the prior year. Is New 90 Day High Low • Sep 30
New 90-day low: ₫6,500 The company is down 8.0% from its price of ₫7,100 on 02 July 2020. The Vietnamese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 10.0% over the same period. 