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

<ul><li>Using the Sum of the parts(SoTP) method, we set a target price of VND 71,000 per share for GMD, with an expected cash dividend of VND 2,000 per share.</li><li>This implies a total expected return of 28%, based on the closing price as of July 21, 2025.</li><li>We recommend a BUY on GMD. </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>

Using the Sum of the parts(SoTP) method, we set a target price of VND 71,000 per share for GMD, with an expected cash dividend of VND 2,000 per share.This implies a total expected return of 28%, based on the closing price as of July 21, 2025.We recommend a BUY on GMD. 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.

GMD - Fire Tests Gold, Adversity Tests Strength

Gemadept Corp

GMD - Fire Tests Gold, Adversity Tests Strength