External broker reports(aggregated public sources), Vietcap

Vietcap

We specialize in consulting both individual and institutional clients, providing them with effective financial solutions that are tailored to their specific needs.

External broker reports(aggregated public sources)

Equity Bottom-Up

Vietnam National Petroleum Gro / Equity Bottom-Up

<ul><li>We raise our target price (TP) for PLX by 11% to VND47,800/share and re-iterate a BUY rating.</li><li>Our TP revision reflects (1) an 11% upward revision in our aggregate 2025–2029F NPAT-MI forecast (with respective increases of +12%/+9%/+11%/+11%/+10% for 2025–2029F).</li><li>Our higher aggregate NPAT-MI forecast mainly reflects (1) a 1.4% increase in our domestic sales volume assumption after PLX’s impressive market share expansion in H1 2025; and (2) a 2.4% rise in average gross profit per liter due to strong Q2 2025 results with H1 core NPAT completing 57% of our previous 2025F forecast.</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>

We raise our target price (TP) for PLX by 11% to VND47,800/share and re-iterate a BUY rating.Our TP revision reflects (1) an 11% upward revision in our aggregate 2025–2029F NPAT-MI forecast (with respective increases of +12%/+9%/+11%/+11%/+10% for 2025–2029F).Our higher aggregate NPAT-MI forecast mainly reflects (1) a 1.4% increase in our domestic sales volume assumption after PLX’s impressive market share expansion in H1 2025; and (2) a 2.4% rise in average gross profit per liter due to strong Q2 2025 results with H1 core NPAT completing 57% of our previous 2025F forecast.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.

Petrolimex PLX VN - NPAT to Double in 2 Years on New Pricing, Higher Market Share