The Vietnamese stock market started the new week in the red due to concerns over tensions in the Middle East. In contrast, oil stocks like GAS, PLX, PVS, PVD, and BSR surged as Brent crude oil prices exceeded $79 per barrel, up nearly 30% since June. SSI Research predicts that the average oil price will range from $70 to $75 per barrel in 2025, supported by OPEC and a recovering Chinese economy. Regarding Q2 business results, Vietcombank Securities forecasts growth for upstream companies (PVS, PVD, GAS) while downstream firms (PLX, BSR) may decline. Specifically, PVS is expected to have revenue of 5,986 billion VND, a 7% increase, and a 14% profit rise. PVD expects a revenue of 2,425 billion VND and a profit of 236 billion VND, a 79% increase. GAS is projected to generate revenue of 32,415 billion VND and a profit of 3,996 billion VND, both showing growth. Conversely, BSR expects revenue of 32,295 billion VND but a 91% profit drop. PLX anticipates revenue of 79,264 billion VND with a 35% profit decrease.
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