Board Change • May 21
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. 5 non-independent directors. Chief of Supervisory Board Dung Thi Nguyen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Mar 23
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.4% Last year net profit margin: 7.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (4.4% net profit margin). Market cap is less than US$100m (₫540.0b market cap, or US$20.5m). Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₫63,000, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 10x in the Infrastructure industry in Vietnam. Total returns to shareholders of 393% over the past three years. Board Change • Mar 03
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. 5 non-independent directors. Chief of Supervisory Board Dung Thi Nguyen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 13
Vietnam Maritime Development Joint Stock Company, Annual General Meeting, Apr 10, 2026 Vietnam Maritime Development Joint Stock Company, Annual General Meeting, Apr 10, 2026. Location: hai phong city Vietnam Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₫60,700, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 10x in the Infrastructure industry in Vietnam. Total returns to shareholders of 319% over the past three years. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to ₫52,800, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 11x in the Infrastructure industry in Vietnam. Total returns to shareholders of 217% over the past three years. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₫30,500, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 11x in the Infrastructure industry in Vietnam. Total returns to shareholders of 80% over the past three years. New Risk • Dec 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₫262.8b (US$9.99m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Market cap is less than US$10m (₫262.8b market cap, or US$9.99m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₫29,200, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 12x in the Infrastructure industry in Vietnam. Total returns to shareholders of 93% over the past three years. Board Change • Nov 24
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. 5 non-independent directors. Chief of Supervisory Board Dung Thi Nguyen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 25
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. 5 non-independent directors. Chief of Supervisory Board Dung Thi Nguyen was the last director to join the board, commencing their role in 2024. 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 • Sep 01
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₫33,000, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 200% over the past three years. Reported Earnings • Aug 27
Second quarter 2025 earnings released: EPS: ₫487 (vs ₫426 in 2Q 2024) Second quarter 2025 results: EPS: ₫487 (up from ₫426 in 2Q 2024). Revenue: ₫73.7b (up 30% from 2Q 2024). Net income: ₫4.38b (up 14% from 2Q 2024). Profit margin: 6.0% (down from 6.8% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₫29,000, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 175% over the past three years. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₫22,000, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 12x in the Infrastructure industry in Vietnam. Total returns to shareholders of 107% over the past three years. Buy Or Sell Opportunity • Jul 30
Now 32% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to ₫22,000. The fair value is estimated to be ₫16,722, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₫22,000, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 12x in the Infrastructure industry in Vietnam. Total returns to shareholders of 97% over the past three years. Buy Or Sell Opportunity • Jul 10
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 4.5% to ₫20,700. The fair value is estimated to be ₫16,779, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₫18,700, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 12x in the Infrastructure industry in Vietnam. Total returns to shareholders of 83% over the past three years. Upcoming Dividend • Jun 04
Upcoming dividend of ₫800 per share Eligible shareholders must have bought the stock before 11 June 2025. Payment date: 24 June 2025. Trailing yield: 5.5%. Lower than top quartile of Vietnamese dividend payers (8.0%). Higher than average of industry peers (4.6%). Buy Or Sell Opportunity • Jun 03
Now 21% overvalued Over the last 90 days, the stock has fallen 13% to ₫19,900. The fair value is estimated to be ₫16,435, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • May 26
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₫19,000, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 71% over the past three years. Reported Earnings • Apr 23
First quarter 2025 earnings released: EPS: ₫354 (vs ₫408 in 1Q 2024) First quarter 2025 results: EPS: ₫354 (down from ₫408 in 1Q 2024). Revenue: ₫64.4b (up 34% from 1Q 2024). Net income: ₫3.19b (down 13% from 1Q 2024). Profit margin: 5.0% (down from 7.6% in 1Q 2024). Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₫22,300, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 110% over the past three years. Buy Or Sell Opportunity • Apr 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 30% to ₫18,000. The fair value is estimated to be ₫22,697, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Board Change • Mar 31
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. 5 non-independent directors. Chief of Supervisory Board Dung Thi Nguyen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Mar 13
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 31% to ₫25,400. The fair value is estimated to be ₫20,455, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₫21,000, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 79% over the past three years. Announcement • Mar 06
Vietnam Maritime Development Joint Stock Company, Annual General Meeting, Mar 28, 2025 Vietnam Maritime Development Joint Stock Company, Annual General Meeting, Mar 28, 2025, at 08:30 SE Asia Standard Time. Location: han river hotel, no. 14, ly tu trong street, hai chau district, da nang Vietnam Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₫19,600, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 72% over the past three years. New Risk • Feb 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 59% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Market cap is less than US$10m (₫223.2b market cap, or US$8.93m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Feb 05
Full year 2024 earnings released: EPS: ₫1,708 (vs ₫1,612 in FY 2023) Full year 2024 results: EPS: ₫1,708 (up from ₫1,612 in FY 2023). Revenue: ₫213.8b (up 31% from FY 2023). Net income: ₫15.4b (up 6.0% from FY 2023). Profit margin: 7.2% (down from 8.9% in FY 2023). The decrease in margin was driven by higher expenses. Board Change • Feb 05
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₫19,600, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₫21,400, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 63% over the past three years. Board Change • Dec 05
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₫18,400, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 41% over the past three years. New Risk • Oct 23
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2023. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported September 2023 fiscal period end). Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue has declined by 31% over the past year. High level of non-cash earnings (62% accrual ratio). Market cap is less than US$10m (₫199.8b market cap, or US$7.79m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₫20,400, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 88% over the past three years. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₫23,800, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 82% over the past three years. New Risk • Sep 30
New major risk - Revenue and earnings growth Revenue has declined by 31% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Risks Revenue has declined by 31% over the past year. High level of non-cash earnings (62% accrual ratio). Market cap is less than US$10m (₫180.9b market cap, or US$7.42m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₫19,900, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 87% over the past three years. Announcement • Aug 30
An undisclosed buyer acquired 51% stake in Vietnam Maritime Development Joint Stock Company (HNX:VMS) from Vietnam Maritime Corporation - Joint Stock Company. An undisclosed buyer acquired 51% stake in Vietnam Maritime Development Joint Stock Company (HNX:VMS) from Vietnam Maritime Corporation - Joint Stock Company on August 5, 2024.
An undisclosed buyer completed the acquisition of 51% stake in Vietnam Maritime Development Joint Stock Company (HNX:VMS) from Vietnam Maritime Corporation - Joint Stock Company on August 5, 2024. Upcoming Dividend • Jun 18
Upcoming dividend of ₫1,140 per share Eligible shareholders must have bought the stock before 25 June 2024. Payment date: 09 July 2024. Trailing yield: 4.7%. Lower than top quartile of Vietnamese dividend payers (8.5%). Higher than average of industry peers (4.1%). Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₫26,300, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 200% over the past three years. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₫24,200, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 15x in the Infrastructure industry in Vietnam. Total returns to shareholders of 220% over the past three years. New Risk • Apr 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₫238.5b (US$9.54m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (62% accrual ratio). Market cap is less than US$10m (₫238.5b market cap, or US$9.54m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Board Change • Mar 21
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Feb 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Feb 06
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 02
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₫35,000, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 536% over the past three years. Upcoming Dividend • Dec 02
Upcoming dividend of ₫1,000 per share at 4.0% yield Eligible shareholders must have bought the stock before 07 December 2023. Payment date: 22 December 2023. Trailing yield: 4.0%. Lower than top quartile of Vietnamese dividend payers (9.0%). In line with average of industry peers (3.9%). Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₫33,300, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 12x in the Infrastructure industry in Vietnam. Total returns to shareholders of 372% over the past three years. Board Change • Nov 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 24
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: ₫42.4b (down 14% from 3Q 2022). Net income: ₫4.69b (up 28% from 3Q 2022). Profit margin: 11% (up from 7.4% in 3Q 2022). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₫34,600, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 603% over the past three years. Reported Earnings • Jul 29
Second quarter 2023 earnings released Second quarter 2023 results: EPS: ₫488. Revenue: ₫37.1b (down 48% from 2Q 2022). Net income: ₫4.40b (up 138% from 2Q 2022). Profit margin: 12% (up from 2.6% in 2Q 2022). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₫23,800, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 18x in the Infrastructure industry in Vietnam. Total returns to shareholders of 383% over the past three years. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₫20,000, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 15x in the Infrastructure industry in Vietnam. Total returns to shareholders of 387% over the past three years. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₫19,200, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 13x in the Infrastructure industry in Vietnam. Total returns to shareholders of 297% over the past three years. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₫14,800, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 10x in the Infrastructure industry in Vietnam. Total returns to shareholders of 216% over the past three years. Board Change • Apr 20
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 4 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Head of Board of Supervisor Thuy Thi Tran is the most experienced director on the board, commencing their role in 2020. Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₫18,300, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 11x in the Infrastructure industry in Vietnam. Total returns to shareholders of 346% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₫14,300, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 11x in the Infrastructure industry in Vietnam. Total returns to shareholders of 248% over the past three years. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₫16,200, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 11x in the Infrastructure industry in Vietnam. Total returns to shareholders of 266% over the past three years. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment deteriorated over the past week After last week's 26% share price decline to ₫14,100, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 11x in the Infrastructure industry in Vietnam. Total returns to shareholders of 112% over the past three years. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improved over the past week After last week's 20% share price gain to ₫10,700, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 10x in the Infrastructure industry in Vietnam. Total returns to shareholders of 74% over the past three years. Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 4 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Head of Board of Supervisor Thuy Thi Tran is the most experienced director on the board, commencing their role in 2020. Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 18% share price gain to ₫10,500, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 11x in the Infrastructure industry in Vietnam. Total returns to shareholders of 104% over the past three years. Buying Opportunity • Oct 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be ₫11,329, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 20%. Reported Earnings • Oct 27
Third quarter 2022 earnings released Third quarter 2022 results: EPS: ₫406. Revenue: ₫49.4b (flat on 3Q 2021). Net income: ₫3.65b (up 65% from 3Q 2021). Profit margin: 7.4% (up from 4.5% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₫9,900, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 12x in the Infrastructure industry in Vietnam. Total returns to shareholders of 92% over the past three years. Upcoming Dividend • Sep 16
Upcoming dividend of ₫800 per share Eligible shareholders must have bought the stock before 23 September 2022. Payment date: 10 October 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.3%. Lower than top quartile of Vietnamese dividend payers (7.5%). Higher than average of industry peers (3.8%). Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 18% share price gain to ₫13,400, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 12x in the Infrastructure industry in Vietnam. Total returns to shareholders of 94% over the past three years. Reported Earnings • Aug 02
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: ₫71.2b (up 12% from 2Q 2021). Net income: ₫1.85b (up 46% from 2Q 2021). Profit margin: 2.6% (up from 2.0% in 2Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improved over the past week After last week's 17% share price gain to ₫13,000, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 12x in the Infrastructure industry in Vietnam. Total returns to shareholders of 106% over the past three years. Reported Earnings • May 02
First quarter 2022 earnings released First quarter 2022 results: Revenue: ₫51.3b (down 14% from 1Q 2021). Net income: ₫2.23b (up 44% from 1Q 2021). Profit margin: 4.3% (up from 2.6% in 1Q 2021). The increase in margin was driven by lower expenses. Board Change • Apr 27
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 4 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Head of Board of Supervisor Thuy Thi Tran is the most experienced director on the board, commencing their role in 2020. Independent Director Nguyet Thi Nguyen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improved over the past week After last week's 18% share price gain to ₫16,500, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 175% over the past three years. Reported Earnings • Mar 29
Full year 2021 earnings released Full year 2021 results: EPS: ₫1,199. Revenue: ₫221.0b (down 4.8% from FY 2020). Net income: ₫10.8b (down 5.8% from FY 2020). Profit margin: 4.9% (in line with FY 2020). Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₫11,700, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 15x in the Infrastructure industry in Vietnam. Total returns to shareholders of 185% over the past three years. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improved over the past week After last week's 21% share price gain to ₫16,500, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 15x in the Infrastructure industry in Vietnam. Total returns to shareholders of 279% over the past three years. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment improved over the past week After last week's 15% share price gain to ₫15,200, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 14x in the Infrastructure industry in Vietnam. Total returns to shareholders of 270% over the past three years. Reported Earnings • Oct 26
Third quarter 2021 earnings released The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₫49.2b (down 19% from 3Q 2020). Net income: ₫2.21b (down 30% from 3Q 2020). Profit margin: 4.5% (down from 5.2% in 3Q 2020). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₫12,800, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 16x in the Infrastructure industry in Vietnam. Total returns to shareholders of 174% over the past three years. Upcoming Dividend • Oct 01
Upcoming dividend of ₫1,200 per share Eligible shareholders must have bought the stock before 08 October 2021. Payment date: 26 October 2021. Trailing yield: 7.8%. Within top quartile of Vietnamese dividend payers (6.6%). Higher than average of industry peers (3.6%). Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improved over the past week After last week's 28% share price gain to ₫16,900, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 16x in the Infrastructure industry in Vietnam. Total returns to shareholders of 198% over the past three years. Reported Earnings • Jul 22
Second quarter 2021 earnings released The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ₫63.7b (up 30% from 2Q 2020). Net income: ₫1.26b (down 71% from 2Q 2020). Profit margin: 2.0% (down from 8.9% in 2Q 2020). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Mar 12
New 90-day high: ₫9,100 The company is up 36% from its price of ₫6,700 on 07 December 2020. The Vietnamese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 9.0% over the same period. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improved over the past week After last week's 19% share price gain to ₫8,900, the stock is trading at a trailing P/E ratio of 12.3x, up from the previous P/E ratio of 10.3x. This compares to an average P/E of 13x in the Infrastructure industry in Vietnam. Total returns to shareholders over the past three years are 14%. Is New 90 Day High Low • Jan 15
New 90-day high: ₫8,900 The company is up 39% from its price of ₫6,400 on 07 October 2020. The Vietnamese market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 21% over the same period. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 17% share price gain to ₫8,100, the stock is trading at a trailing P/E ratio of 11.2x, up from the previous P/E ratio of 9.5x. This compares to an average P/E of 12x in the Infrastructure industry in Vietnam. Total returns to shareholders over the past three years are 13%. Valuation Update With 7 Day Price Move • Nov 18
Market pulls back on stock over the past week After last week's 17% share price decline to ₫7,100, the stock is trading at a trailing P/E ratio of 9.8x, down from the previous P/E ratio of 11.9x. This compares to an average P/E of 12x in the Infrastructure industry in Vietnam. Total return to shareholders over the past three years is a loss of 4.3%. Is New 90 Day High Low • Nov 07
New 90-day high: ₫7,700 The company is up 35% from its price of ₫5,700 on 06 August 2020. The Vietnamese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 22% over the same period. Valuation Update With 7 Day Price Move • Nov 07
Market bids up stock over the past week After last week's 17% share price gain to ₫7,700, the stock is trading at a trailing P/E ratio of 10.6x, up from the previous P/E ratio of 9.1x. This compares to an average P/E of 11x in the Infrastructure industry in Vietnam. Total returns to shareholders over the past three years are 12%. Reported Earnings • Oct 27
Third quarter earnings released Over the last 12 months the company has reported total profits of ₫11.9b, up 82% from the prior year. Total revenue was ₫234.3b over the last 12 months, down 1.6% from the prior year. 
