Q2 result updates:
Hoa Tho Textile & Garment (HTG VN): Revenue was VND1,309 billion (about USD50.3 million, up +19.7% YoY) and net income was VND129 billion (about USD5 million, up +84.3% YoY). HTG VN closed at VND48,750 per share on 24th July 2025, hence 5.0x P/E and 1.7x P/B.
PVI Holdings (PVI VN): Net revenue was VND2,324 billion (about USD89.4 million, up +27.1% YoY) and net income was VND423 billion (about USD10.6 million, up +52.9% YoY). PVI VN closed at VND64,400 per share on 24th July 2025, leading to 15.6x P/E and 1.8x P/B.
VietABank (VAB VN): TOI was VND606 billion (about USD23.3 million, up +3.4% YoY) and EBT was VND361 billion (about USD13.9 million, up +14.6% YoY). The bank reported improvements of both NPL ratio and LLR in Q2. VAB VN closed at VND14,950 per share on 24th July 2025, thus 8.4x P/E and 0.9x P/B.
TNG Investment & Trading (TNG VN): Revenue was VND2,528 billion (about USD97.2 million, up +16.3% YoY) and net income was VND120 billion (about USD4.6 million, up +36.9% YoY). TNG VN closed at VND21,600 per share on 24th July 2025, meaning 7.6x P/E and 1.4x P/B.
EVN Finance (EVF VN): TOI was VND581 billion (about USD22.3 million, up +49% YoY) and EBT was VND293 billion (about USD11.3 million, up +101% YoY). In Q2, its NIM decreased but its NPL ratio and LLR improved considerably, compared to Q1. EVF VN closed at VND13,950 per share on 24th July 2025, implying 13.4x P/E and 1.1x P/B.
CMC Corporation (CMG VN): Chairman bought 300,000 shares
Mr. Nguyen Trung Chinh – Chairman of the Board, completed his purchase of 300,000 CMG VN shares via put-through order yesterday, increasing his stake up to nearly 2.5 million shares (about 1.11% ownership). CMG VN closed at VND43,150 per share on 24th July 2025, thus 26.2x P/E and 3.1x P/B.
KIM Growth Dividend Equity Fund (KDEF): June, 2025 update
- NAV (30th June 2025): VND69.3 billion
- Performance: +5.0% 1M (+9.5%, YTD, H1 2025)
- Top 5 holdings: Techcombank (TCB VN), Military Bank (MBB VN), VPBank (VPB VN), Mobile World Group (MWG), and Hoa Phat Group (HPG VN)
- The fund has had very good growth thus far in 2025, when one considers the VN-Index increased +8.6%, to June 30th, 2025 making this one of the best funds in its class.
Investor can see the full Newsletter below:
