Vietnam Strategy "Q126 results wrap up: Solid momentum through Tet" Darmono

研报英文原文证据摘录

Vietnam Strategy "Q126 results wrap up: Solid momentum through Tet" Darmono

Global Research

12 May 2026ab

Vietnam Strategy Equity Strategy

VietnamQ126 results wrap up: Solid momentum through

Tet Permada Darmono

Analyst

permada.darmono@ubs.com

+65-6495 3137

Result surprises: Positive momentum continued William Deng

Based on the actual quarterly results versus consensus expectations, this quarter which Economist

included Tet (lunar new year) continued to show an overall positive surprise, extending william-w.deng@ubs.com

+852-2971 6765

the trend from the previous quarter. Most sectors that delivered a Beat in the prior

quarter sustained their positive surprises, with the exception of Financials, which Aakash Rawat, CFA

recorded a slight Miss on an aggregate basis. Notably, Information Technology and Analyst

Materials showed positive momentum, improving from In-line to Beat and from Miss to aakash.rawat@ubs.com

+65-6495 8283

In-line, respectively. However, Utilities continued to post a Miss this quarter.

Michael Lim

Sales and earnings revisions: Turned slightly positive in this quarter Analyst

michael-h.lim@ubs.com

Sales and profit forecasts have shown a modestly positive trend overall, reflecting an +65-6495 5902

improvement across all major metrics compared to the prior quarter, during which

revisions were slightly negative. Aggregate adjustments for both sales and earnings have Alex Manoonpol

shifted to the positive, with the proportion of companies experiencing upward revisions

alex.manoonpol@ubs.com

significantly outweighing those with downward adjustments for both metrics. On a +662-613 5770

sector basis, sales projections indicate that Consumer Discretionary, Consumer Staples