PVD

BSR reported H1 2026 net profit of VND 12,636B (+570% YoY) on revenue of VND 100,922B (+47%), already exceeding its full-year profit target by 5.8x. The oil & gas sector rally on July 14 was driven by escalating US-Iran tensions and strong earnings from BSR, GAS, and OIL, with PVD hitting the ceiling price.

Petrovietnam's H1 2026 results show consolidated revenue of VND 445.4T (+39% YoY) and crude oil output growth of 14.2%, the first increase in 11 years. The state-owned group's record performance supports its listed subsidiaries including PLX, GAS, and PVD, though global oil price risk remains a key challenge for H2.

On June 4, 2026, foreign investors net sold VND 5,742.2 billion on the Vietnamese stock market, the largest daily sell-off in recent months, but domestic institutions absorbed the entire amount with net purchases of VND 5,915.0 billion. A notable block trade saw 25.2 million VIC shares worth VND 4,997.4 billion transferred from foreign to domestic hands, signaling a major ownership shift in Vingroup.

ACB was the most sold stock by proprietary trading desks on HOSE, with net selling of VND 82 billion, as foreign investors unexpectedly net sold a massive VND 5,760 billion across the entire market. The selling pressure comes despite a market rebound, signaling caution from both domestic and foreign institutional players.

PVD approved a bonus share issuance of 371.9 million shares (100:66.9 ratio) to raise charter capital from VND 5,563B to VND 9,282B, expected in Q2-Q3/2026. The move supports fleet expansion as PVD adds its 10th rig, reinforcing its position as Southeast Asia's largest offshore drilling contractor.

PVD plans to issue nearly 372 million bonus shares at a 100:66.9 ratio, increasing charter capital from VND 5,563B to VND 9,282B. The move follows strong Q1/2026 results with net profit up 109.9% YoY to VND 300B, achieving 37.5% of the full-year target. The capital increase will be funded from the development investment fund as of end-2025.

PVD and PVT received SSC confirmation of foreign ownership limits at 50% and 49% respectively, with current foreign holdings at 8.49% and 13.42%. This leaves substantial room for foreign inflows, potentially supporting share prices.