Company Insight

PetroVietnam Transportation Corporation (PVT) is one of the largest tanker operators in Viet Nam. Accumulated for the first 9 months of 2024, PVT's NPAT reached 1,200 billion VND (+25.3% YoY), exceeding the annual plan by 57.8%. With the outlook of favorable freight rates and the addition of new vessels, we expect PVT to maintain its growth momentum for the remainder of 2024 and throughout 2025. Based on DCF methods, we update PVT’s target price at VND 32,600.