SGN.VN
Full HouseAI neutralSaigon Ground Services Joint Stock Company · Industrials · Vietnam · $78M cap · $40K/day traded
VND 60,100 +0.0% · close 6 Nov · scored 7 Nov
Full House: Strong business, sensible price, and the market agrees.
As of 7 Nov 2026, the MoatMap Score for Saigon Ground Services Joint Stock Company (SGN.VN) is 100/100, ranked against 25,000+ stocks in 38 markets (Quality 78, Value 77, Momentum 86, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
Saigon Ground Services provides passenger, ramp, and cargo handling services across major Vietnamese hubs including Tan Son Nhat and Da Nang. The business commands an established operational footprint with high return on capital and steady operating cash flow from international flight frequencies. Nonetheless, medium-term terminal allocation shifts tied to the future commissioning of Long Thanh International Airport create structural concession renewal and market-share risks.
ABOUT SAIGON GROUND SERVICES JOINT STOCK COMPANY
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Saigon Ground Services Joint Stock Company provides ground services to international and domestic airlines at Tan Son Nhat International Airport in Vietnam.
FINANCIAL SUMMARY (VND)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM |
|---|---|---|---|---|---|---|
| Revenue | 995.2B | 1.5T | 1.3T | 1.2T | 7.6% | 1.6T |
| EPS (VND) | 3,868 | 6,148 | 7,301 | 6,050 | 16.1% | 6,137 |
| Shares | 33.5M | 33.5M | 33.5M | 33.5M | -0.1% | 33.5M |
| Debt | — | — | — | — | — | — |
| Equity | 801.6B | 938.4B | 1.0T | 1.1T | 11.2% | — |
| Op CF | 189.3B | 354.1B | 387.6B | 200.1B | 1.9% | 380.9B |
| Inv CF | -311.5B | -74.5B | -263.5B | -278.0B | — | — |
| Fin CF | -83.8B | -83.8B | -83.8B | -84.2B | — | — |
No clear trend: not near its 52-week low, and not in a steady uptrend.
Calmer than 90% of stocks we rank over the past year (volatility 21% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of SGN.VN are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| SGN.VN | Saigon Ground Services Joint Stock Company(you) | $78M | 100 |
| AST.VN | Taseco Air Services Joint Stock Company | $123M | 99 |
| SCS.VN | Saigon Cargo Service Corporation | $149M | 95 |
| NCT.VN | Noibai Cargo Terminal Services Joint Stock Company | $83M | 100 |
| DVP.VN | Dinh Vu Port Development and Investment Joint Stock Company | $115M | 100 |
| PVP.VN | Pacific Petroleum Transportation Joint Stock Company | $72M | 90 |
| VOS.VN | Vietnam Ocean Shipping Joint Stock Company | $60M | 88 |
| PDN.VN | Dong Nai Port Joint Stock Company | $177M | 92 |
| TLG.VN | Thien Long Group Corporation | $204M | 92 |
| PTB.VN | Phu Tai Joint Stock Company | $117M | 74 |
Peer medians: ROE 17.3% · P/E 10.9x · Gross margin 26.9%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.