PVT – Update – From a solid foundation to a new growth cycle
Posted: Sep 21, 2026
- We forecast PVT’s Q3/2026 profit at VND 363bn (+38.0% YoY), with contributions from three new vessels added in 2026, while the elevated freight-rate environment should keep PVT’s business results favorable through the remainder of the year.
- We expect PVT’s 2026-2027 net profit at VND 1,512bn and VND 1,544bn, respectively (+38.2%/+2.1% YoY), driven mainly by fleet expansion and rising freight rates amid the current macro backdrop.
- We issue an ADD rating with a target price of VND 30,300/share.
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