External broker reports(aggregated public sources), Rong Viet Securities

Rong Viet Securities

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External broker reports(aggregated public sources)

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Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

PetroVietnam Fertilizer and Chemicals / Equity Bottom-Up

PetroVietnam Fertilizer and Chemicals (DPM VN)

<ul><li>In Q1/2026, DPM's net revenue reached VND 5,623 billion (+36% YoY), and NPAT-MI reached VND 401 billion (+96% YoY). Revenue growth was driven by both key business segments.</li><li>The Urea segment’s selling price increased by 8,4% YoY, while output stayed stable at 239 thousand tons.</li><li>The NPK segment's revenue increased by 70% YoY, driven by a 50% rise in output and a 13% rise in selling prices. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

In Q1/2026, DPM's net revenue reached VND 5,623 billion (+36% YoY), and NPAT-MI reached VND 401 billion (+96% YoY). Revenue growth was driven by both key business segments.The Urea segment’s selling price increased by 8,4% YoY, while output stayed stable at 239 thousand tons.The NPK segment's revenue increased by 70% YoY, driven by a 50% rise in output and a 13% rise in selling prices. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

PetroVietnam Fertilizer and Chemicals

DPM - Experiencing a Favorable Year