PNJ [BUY +31.5%] - Undemanding Valuation Amid Market Share Gain Potential
We raise our target price (TP) for PNJ by 18% to VND88,900/share and reiterate our BUY rating. We remain constructive on PNJ’s long-term outlook...
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Postcard from Hanoi | Xin Chào Việt Nam
Exploring Vietnam's potential for growth and investment opportunities, despite challenges in capital markets and institutional participation....
428 Views
PNJ [BUY +32.0%] - Attractive Valuation Amid Bright Long-Term Outlook
We raise our target price (TP) for PNJ by 7% to VND113,500/share and reiterate our BUY rating.Our higher TP is driven by the positive impacts of...
168 Views
Primer: Phu Nhuan Jewelry (PNJ VN) - Oct 2025
Dominant Market Leader with Strong Brand Equity: PNJ is the leading jewelry manufacturer and retailer in Vietnam, possessing a significant...
491 Views
Phu Nhuan Jewelry (PNJ) - Retail Sales Rebound to Drive Earnings Growth from 2026F
We maintain our projection for retail sales to grow at an 11% CAGR in 2024-29F, corresponding to a 14% EPS CAGR in this period.
374 Views