| Title | X-Stock | HVN Non-rating: Business results are projected to see little improvement due to elevated oil prices. |
|---|---|
| Report Type | Phân tích công ty |
| Source | BSC |
| Industry | Utilities |
| Bussiness | HVN |
| Detail |
Date : 24/09/2026 Total pages : 0 Language : English File Type : .PDF FileSize : 345 Kb Download: 0 Download |
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| Short Content |
EARNINGS UPDATE 2Q2026 Financial Results: HVN posted net revenue of VND 38,303 bn (+37% YoY) and NPAT-MI of -VND 792 bn. Net revenue growth was primarily driven by:
BSC’s view: Overall, core operations remain heavily vulnerable to oil price volatility, particularly with tensions in the Middle East resurging. That said, HVN's performance should see partial relief from the continued momentum in tourist arrivals and sustained high airfares. INVESTMENT OUTLOOK UPDATE BSC currently maintains a NOT RATED stance on HVN. We recommend closely tracking the following key catalysts and risks:
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