GAS – Update – Accumulate for a potential breakout
Posted: Apr 28, 2026
- In Q1/2026, we estimate GAS’s net profit at VND 3,307 billion (+19.9% YoY). The growth is mainly driven by a sharp increase in gas selling prices during the first quarter, supported by the armed conflict in the Middle East.
- We forecast net profit for 2026–2027 to reach VND 13,227 billion and VND 14,896 billion (+15.9%/+12.6% YoY), with growth momentum backed by the strong expansion of the LNG business segment.
- We maintain a HOLD recommendation on GAS, with a target price of VND 83,800 per share.
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