Report

VNZ – An overview of VNZ

  • VNZ is one of the Vietnam tech giants, specializing in the fields of Online Games, Platforms, FinTech (Digital Payments) and Cloud Services.
  • While the online games segment is the main source of profit for VNZ, the FinTech business (developing and managing ZaloPay – a mobile payment application) is still heavily weighing on VNZ’s profitability, leading to 9M-2022 accumulated NPAT-MI of VND -419 bn. Additionally, VNG’s investments in startups are also incurring a total loss of VND -83 bn in 9M-2022.
  • Once a "Unicorn", VNZ now has an estimated market capitalization, at the current ceiling price of the trading day, of about USD410 million.
Provider
Viet Dragon Securities
Viet Dragon Securities

Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.

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Analysts
Tung Do

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