Q4 & FY2025 preliminary results (dated 15th January 2026):
Agimexpharm (AGP): FY2025 revenue was VND845 billion (about USD32.1 million, up +6.5% YoY) and net income was VND52 billion (about USD2 million, up +6.2% YoY). AGP closed at VND36,300 per share, thus 21.3x P/E and 2.4x P/B.
ABBank (ABB): FY2025 EBT was estimated at VND3.52 trillion (about USD134 million, up +373% YoY), almost doubling its profit target. ABB was last traded at VND15,100 per share, suggesting 9.8x P/E and 1.3x P/B.
PV GAS (GAS): Annual revenue reached VND134 trillion (about USD5.1 billion, up +29.4% YoY) while pre-tax income was estimated at VND14.5 trillion (about USD551.3 million, up +10.1% YoY). GAS closed at VND103,000 per share, thus 20.5x P/E and 3.8x P/B.
PV Drilling (PVD): The firm estimates FY2025 revenue of VND10.5 trillion (about USD399.2 million, up +13% YoY) and pre-tax income of VND1.1 trillion (about USD41.8 million, up +17.4% YoY). PVD closed at VND29,050 per share, thus 18.1x P/E and 1.0x P/B.
PV Power (POW): In 2025, the electricity company made total revenue of over VND35 trillion (about USD1.33 billion, up +15.5% YoY) and pre-tax income of over VND2.5 trillion (about USD95.1 million, up +80.8% YoY). POW closed at VND14,250 per share, thus 23.0x P/E and 1.3x P/B.
Petrosetco (PET): Full year revenue was estimated at VND20.6 trillion (about USD783.3 million, up +8.2% YoY) while pre-tax income was estimated at VND402 billion (about USD15.3 million, up +42% YoY). PET closed at VND35,550 per share, thus 17.0x P/E and 1.6x P/B.
Taseco Land (TAL): The real estate developer estimated its 2025 revenue at VND3,824 billion (about USD145.4 million, up +127.1% YoY) and net income at VND615 billion (about USD23.4 million, down -7.5% YoY). TAL closed at VND46,950 per share, thus 22.6x P/E and 3.3x P/B.
Vietnam Rubber Group (GVR): Consolidated revenue was VND32 trillion (about USD1.22 billion, up +11.4% YoY) and pre-tax income was VND6.93 trillion (about USD263.5 million, up +23.6% YoY). GVR closed at VND37,350 per share, thus 23.8x P/E and 2.6x P/B.
BIDV (BID): Private placement at discount
The bank announced its upcoming offering of 264 million shares (c. 3.76% of current shares outstanding) to 33 investors at VND38,900 per share via private placement. Total expected proceeds of VND10.3 trillion (about USD392 million) will be used for its own credit activities. Among participants, the largest buyers are the sovereign wealth fund SCIC, funds related to Dragon Capital (DCV), Manulife Viet Nam LLC, and Darasol Investment Limited. Currently, the SBV is still holding 79.56% economic interest and the Korean investor KEB Hana Bank, Co., Ltd. is holding 14.74%. BID closed at price floor of VND50,700 per share on 15th January 2026, hence 13.5x P/E and 2.1x P/B.
