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...
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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...
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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.
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PNJ - Maintains a Conservative Earnings Outlook Amid Dual Headwinds
In Q1-FY25, PNJ recorded modest business results compared to the same period last year, with net revenue reaching VND 9,635.1 billion (-23.5% YoY,...
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Phu Nhuan Jewelry JSC (PNJ VN/Hold/TP: VND82,000) - Headwinds ahead
Flat amid pressure: Phu Nhuan Jewelry JSC (PNJ VN) faced challenges in 1Q23, when revenue decreased 3.8% YoY to VND9,753bn.
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