VRG

CTCP Phát triển Đô thị và Khu công nghiệp Cao su Việt Nam · UPCOM

14,500 Latest close · 30 Jun 2026 P/E 12.1x P/B 1.1x

Declining sharply · Net margin 23.60%, −28.74pp YoY

On a TTM 2026Q1 basis, VRG is retaining some revenue, but margins are collapsing sharply — the growth momentum has held across consecutive periods. Costs or the profit mix are deteriorating faster than revenue is declining — this is the factor to watch ahead of everything else.

Revenue TTM

VND 132bn

+11.4%

Net Margin

23.60%

−28.7pp year on year

ROE

8.3%

TTM

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