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>SIP recorded positive business results in H1 2026, with net revenue and NPAT -MI reaching VND 4.57 trillion (+12% YoY) and VND 721 billion (+18% YoY), respectively.</li><li>Utility distribution (e lectricity and water ) for industrial parks remains the primary revenue driver, with revenue and gross profit reaching VND 3.68 trillion (+9% YoY) and VND 315 billion (+13% YoY), respectively.</li><li>Revenue from industrial park land and infrastructure leasing was positive , reaching VND 226 billion (+8% YoY) . </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>

SIP recorded positive business results in H1 2026, with net revenue and NPAT -MI reaching VND 4.57 trillion (+12% YoY) and VND 721 billion (+18% YoY), respectively.Utility distribution (e lectricity and water ) for industrial parks remains the primary revenue driver, with revenue and gross profit reaching VND 3.68 trillion (+9% YoY) and VND 315 billion (+13% YoY), respectively.Revenue from industrial park land and infrastructure leasing was positive , reaching VND 226 billion (+8% YoY) . 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.

SIP - Cash Flow Generated from Core Business Operations

Saigon VRG Investment

SIP - Cash Flow Generated from Core Business Operations