Industry Sector Revenues:

• Natural Gas: 60%
• Liquefied Petroleum Gas (LPG): 25%
• Petroleum Products: 10%
• Other: 5%

TOP 3 Markets:

• Vietnam: 70%
• Japan: 15%
• South Korea: 10%

Petrovietnam Gas Joint Stock Corporation generates the majority of its revenues from the natural gas business, which is attributed to the strong demand in the domestic market and the strategic importance of natural gas in energy supply. The Vietnamese market is the largest as the company has its roots here and the infrastructure is well developed.

Japan and South Korea are significant export markets that play an important role due to their high energy needs and dependence on fossil fuels. Diversification into liquefied petroleum gas and petroleum products also contributes to revenue, but to a lesser extent.

Production Sites: Vietnam

Petrovietnam Gas Joint Stock Corporation, known as PV Gas, mainly produces its products in Vietnam. The company operates several important gas processing plants and pipelines in the country, including the Dinh Co Gas Processing Plant and the Nam Con Son Gas Pipeline. These facilities are crucial for the processing and transportation of natural gas extracted from Vietnam's offshore fields.

PV Gas plays a central role in the Vietnamese energy infrastructure and supports the country's supply of natural gas for industrial and residential use.

Revenue Growth: Estimated 10% annually (2025 forecast)
Investments in Renewable Energies: $500 million by 2027

Petrovietnam Gas Joint Stock Corporation is pursuing a strategy focused on diversification and sustainable growth. The company plans to significantly expand its capacities in the field of renewable energies. Investments totaling $500 million in renewable projects are planned by 2027 to reduce dependence on fossil fuels.

Additionally, the company is focusing on improving the efficiency of its existing gas infrastructure. Through technological innovations and partnerships with international companies, Petrovietnam Gas aims to increase its operational efficiency and reduce costs. These measures are intended to stabilize revenue growth at around 10% annually.

Another focus is on tapping into new markets in Southeast Asia to increase export volume and strengthen market presence. These strategic initiatives are aimed at making the company more competitive in the coming years and ensuring sustainable growth.

Imported raw materials:

• Liquefied natural gas (LNG)
• Natural gas
• Chemicals for gas processing

Countries of origin:

• Australia
• Qatar
• Malaysia

Petrovietnam Gas Joint Stock Corporation mainly imports liquefied natural gas (LNG) and natural gas to meet domestic demand and ensure supply security. Australia and Qatar are significant suppliers of LNG, while Malaysia plays an important role in supplying natural gas. These imports are crucial to stabilize energy supply in Vietnam and support industrial development.

Market share: 70% in the Vietnamese gas market (2024)
EBITDA margin: 25% (2024)
Return on invested capital (ROIC): 18% (2024)

Petrovietnam Gas Joint Stock Corporation (HOSE:GAS) holds a significant competitive advantage in the Vietnamese gas market. With a market share of 70%, the company dominates the sector and benefits from its strong market position.

The EBITDA margin of 25% indicates an efficient cost structure and the ability to generate high profits from revenues. This suggests that the company has strong pricing power, enabling it to secure its profitability.

Additionally, the return on invested capital (ROIC) of 18% indicates that Petrovietnam Gas effectively deploys capital to achieve above-average returns. This is an indicator of efficient resource utilization and the ability to create long-term value for shareholders.

Overall, Petrovietnam Gas positions itself as a company with a strong and sustainable competitive advantage through its dominant market position, high margins, and effective capital utilization.

Institutional Investor Share: approximately 35% (2025, estimated)

Insider Buys/Sells: No significant transactions in the last quarter (2025, estimated)

The institutional investor share in Petrovietnam Gas Joint Stock Corporation is estimated to be around 35%. This reflects the interest of investment funds and other large investors investing in the energy sector.

There were no significant insider transactions in the last quarter of 2025, indicating that the management and other insiders are either satisfied with the current valuation or do not expect significant changes in the company.

Market share of Petrovietnam Gas Joint Stock Corporation (HOSE:GAS): 35% (2025, estimated)

Main competitors and their market shares:

1. Petrovietnam Gas Joint Stock Corporation (HOSE:GAS): 35%
2. PV Oil (PetroVietnam Oil Corporation): 20%
3. Binh Son Refining and Petrochemical Company (BSR): 15%
4. Vietnam National Petroleum Group (Petrolimex): 10%
5. Saigon Petro: 8%
6. Chevron Vietnam: 5%
7. Shell Vietnam: 4%
8. Total Vietnam: 3%

Petrovietnam Gas Joint Stock Corporation holds a significant market share of 35% and is the leading player in the Vietnamese gas market. The main advantage of Petrovietnam Gas lies in its close connection to the state-owned PetroVietnam Group, which facilitates access to resources and infrastructure. This represents a significant moat as other companies find it difficult to gain similar advantages.

Compared to competitors, Petrovietnam Gas has a strategic advantage through its vertical integration and control over key supply pipelines. Competitors like PV Oil and Binh Son Refining are also significant but not as deeply integrated into the entire value chain.

Overall, Petrovietnam Gas has a strong moat, especially due to its state support and control over essential infrastructure. However, international companies like Chevron and Shell could gain market share in the long term through technological innovations and investments in sustainable energies.

Revenue Growth: 8.5% (2024) Profit Growth: 7.2% (2024) Market Share in Domestic Gas Market: 70% (2024)

Petrovietnam Gas Joint Stock Corporation (HOSE:GAS) achieved solid revenue growth of 8.5% in 2024, attributed to stable domestic market demand and strategic partnerships. The company holds a dominant market share of 70% in the Vietnamese gas market, highlighting its strong market position.

The profit growth of 7.2% in 2024 indicates that the company is not only able to increase its revenues but also operate efficiently and control its costs. These efficiency improvements could be attributed to investments in technology and infrastructure.

Future growth prospects are positive as Petrovietnam Gas could benefit from the increasing energy needs in Vietnam and the region. The strategic focus on sustainable energy sources and portfolio diversification could provide additional growth opportunities.

Overall, Petrovietnam Gas stock could be an attractive investment for investors interested in a stable company with growth potential.

Dividend Yield: 5.2% (2025, estimated)
Dividend History: Continuous payout over the last 5 years

Petrovietnam Gas Joint Stock Corporation has regularly distributed dividends in recent years, indicating a reliable dividend policy. The estimated dividend yield of 5.2% in 2025 suggests an attractive payout compared to other companies in the industry.

The company has demonstrated stable financial performance in the past, supporting the reliability of dividend payments. Analysts believe that Petrovietnam Gas will continue to be able to pay dividends at this level, provided there are no significant market changes.