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

<ul><li>We maintain our BUY rating for PHR and raise our target price (TP) by 16% to VND82,700/share.</li><li>Our higher TP mainly reflects our higher and accelerated VSIP III compensation forecast and rolling our TP horizon forward to mid-2027 from end-2026.</li><li>We raise our 2026/27F NPAT-MI forecasts by 64%/48%, respectively, as we now expect the total remaining compensation income from VSIP III of VND2.1tn (USD80mn) to be paid over 2026–27F, vs our previous projection of VND1.4tn (USD53mn) over 2026–33F.</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 maintain our BUY rating for PHR and raise our target price (TP) by 16% to VND82,700/share.Our higher TP mainly reflects our higher and accelerated VSIP III compensation forecast and rolling our TP horizon forward to mid-2027 from end-2026.We raise our 2026/27F NPAT-MI forecasts by 64%/48%, respectively, as we now expect the total remaining compensation income from VSIP III of VND2.1tn (USD80mn) to be paid over 2026–27F, vs our previous projection of VND1.4tn (USD53mn) over 2026–33F.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.

PHR [BUY +33.6%] - VSIP III, Bac Tan Uyen 1 Compensation to Lift 2026-27F Earnings - Update

Phuoc Hoa Rubber

PHR [BUY +33.6%] - VSIP III, Bac Tan Uyen 1 Compensation to Lift 2026-27F Earnings - Update