The Vietnamese stock market started the week in the red, but the oil stocks such as GAS, PLX, PVS, PVD, and BSR surged due to the rising oil prices. Brent crude futures briefly surpassed $79/barrel, rising 2% amid Middle East tensions. Predictions suggest oil prices will stabilize between $70-75/barrel in 2025. SSI Research anticipates significant profit increases in Q2 for upstream and midstream stocks, with PVS projected to reach a revenue of 5.986 trillion VND, up 7%, and a net profit of 239 billion VND. PVD expects a revenue of 2.425 trillion VND, a 6% increase. GAS forecasts its revenue at 32.415 trillion VND, an 8% rise, with a profit of 3.996 trillion VND. Meanwhile, BSR is expected to see a 32% revenue increase but a dramatic 91% drop in profit. PLX’s profit also decreased by 35%, despite an 8% rise in revenue compared to last year.
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