Vinasun (VNS) reported 2024 revenue of VND 882B (-19%) and net profit of under VND 40B (-52.38%), marking a fourth consecutive year of negative growth. The company forecasts 2025 revenue to inch up 2% but net profit to fall further to around VND 32B, citing intense competition from ride-hailing apps and weak consumer demand.
Vietnam telecom providers enforce new SIM registration regulations requiring user data alignment with national population databases, affecting Viettel (VNM), VNPT/VinaPhone (VNS), and MobiFone (MSN).
Vietnamese corporate executives are actively buying/selling shares amid market volatility, reflecting both confidence in company performance improvements and personal financial restructuring.
This pre-market briefing compiles several positive company updates, including strong Q1 results for Dien May Xanh (MWG), positive AGM news for BMP, MBS, PJT, VIB, and a high profit target for VPBankS. Key policy news includes the appointment of a new State Bank of Vietnam Governor and an increase in the social housing income ceiling.
AAV Group (AAV) board member Phạm Quang Khánh registered to sell 15 million shares, potentially reducing his stake from over 23.5% to about 1.8% and raising VND 117B, while Vinasun (VNS) board member Lê Hải Đoàn registered to buy 4.9 million shares to increase his stake to 13.56%. The AAV sale coincides with the stock's recent 8.97% decline and potential delisting risk due to consecutive losses, highlighting divergent insider sentiment in Vietnam's real estate and transportation sectors.
Vinasun (VNS) reported a profit after tax decline of over 50% in 2025 to 39 billion VND, attributing it to high fuel costs and intense competition, leading to a proposed significant cut in leadership remuneration and no dividend for 2026. The company forecasts continued profit decline for 2026 while planning restructuring and investment in hybrid vehicles.