PVD – Update – Waiting for a new entry point
Posted: Mar 30, 2026
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In Q1/2026, PVD’s net profit is estimated at VND 285 billion (+86% YoY). This growth comes from four partner rigs and new operating rigs at high day rates.
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We forecast PVD’s net profit for 2026-2027 at VND 1,211 billion/VND 1,260 billion (+16.7/4.1% YoY). This reflects strong contributions from two new rigs, PVD VIII and IX, as day rates continue to rise.
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We issue a HOLD rating for PVD with a target price of VND 33,100 per share, following a recent sharp price increase of this stock.
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