Vietnam’s stock market started the week in the red, but oil stocks like GAS, PLX, PVS, PVD, and BSR surged due to Brent oil prices exceeding $79 per barrel. Since early June, oil prices have risen nearly 30% due to tensions in the Middle East and threats from Iran. SSI Research predicts the average oil price in 2025 will range from $70-75 per barrel, supported by OPEC’s decision not to cut production and China’s recovery. In Q2 business results, PVS is expected to generate revenue of 5.986 trillion VND, a 14% profit increase. PVD anticipates revenue of 2.425 trillion VND and a profit increase of 79%. GAS expects a revenue of 32.415 trillion VND, up 8%. Conversely, BSR forecasts a 91% drop in profit, although revenue is expected to increase by 32%.
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