PLX

Petrolimex (PLX) will pay a 2025 cash dividend of 12% (1,200 VND/share), requiring an estimated 1,525 billion VND. The stock dropped 4.8% to a near one-year low of 32,650 VND, reflecting persistent selling pressure despite the payout.

Petrolimex (PLX) reported H1 2026 consolidated revenue of VND 215 trillion, up 49% YoY, while pre-tax profit declined 2% to VND 1.96 trillion. Sales volume exceeded 10 million m3/tons, up 14.2%, but margin pressure kept earnings flat. The company targets full-year revenue of VND 330 trillion and profit of VND 3.38 trillion.

MCH (Masan Consumer) and TCX (TCBS) will be added to the VN30 index effective August 3, replacing TPB (TPBank) and PLX (Petrolimex). ETF rebalancing is expected to generate net buying of approximately VND 386 billion for MCH and VND 60 billion for TCX, while TPB and PLX face selling pressure of VND 81 billion and VND 36 billion, respectively.

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.

Petrolimex (PLX) plans to sell 23.3 million treasury shares on HOSE to meet the public company threshold, as its non-major shareholder ownership fell to 9.419%. The move comes amid a Q1/2026 net loss of VND 763 billion attributable to parent company, despite a 45% revenue surge to VND 98,700 billion.

BSR reported Q2 net profit of VND 4,097B (+384% YoY), driving H1 profit to VND 12,636B, over 5.8 times its full-year target. The earnings beat pushed BSR stock up 4.58% and boosted sector peers GAS and PLX. The Dung Quat refinery operator now trades at a market cap of ~VND 131T (USD 5B).