Dashboard
1
The company has declared Positive results for the last 3 consecutive quarters
- NET PROFIT(HY) At VND 30,008.2 MM has Grown at 105.72%
- OPERATING CASH FLOW(Y) Highest at VND 148,573.62 MM
- INVENTORY TURNOVER RATIO(HY) Highest at 48.6 times
2
With ROE of 15.88%, it has a attractive valuation with a 0.00 Price to Book Value
3
Underperformed the market in the last 1 year
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-9.23%
0%
-9.23%
6 Months
2.2%
0%
2.2%
1 Year
-13.1%
0%
-13.1%
2 Years
27.61%
0%
27.61%
3 Years
152.56%
0%
152.56%
4 Years
152.56%
0%
152.56%
5 Years
366.26%
0%
366.26%
Marine Supply & Engineering Service JSC for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
22.87%
EBIT Growth (5y)
10.03%
EBIT to Interest (avg)
-5.36
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.87
Sales to Capital Employed (avg)
0.44
Tax Ratio
12.48%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
1.92%
ROE (avg)
10.00%
Valuation key factors
Factor
Value
P/E Ratio
Industry P/E
Price to Book Value
NA
EV to EBIT
892.68
EV to EBITDA
-36.31
EV to Capital Employed
6.88
EV to Sales
-2.02
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
0.77%
ROE (Latest)
15.88%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bearish
Mildly Bearish
Dow Theory
No Trend
Bearish
OBV
No Trend
Mildly Bearish
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Quarterly Results Snapshot (Consolidated) - Mar'26 - QoQ
Mar'26
Dec'25
Change(%)
Net Sales
89,103.20
85,624.10
4.06%
Operating Profit (PBDIT) excl Other Income
6,460.20
6,255.40
3.27%
Interest
3,384.20
5,310.50
-36.27%
Exceptional Items
0.00
0.00
Consolidate Net Profit
23,868.70
14,510.40
64.49%
Operating Profit Margin (Excl OI)
18.50%
14.10%
0.44%
USD in Million.
Net Sales
QoQ Growth in quarter ended Mar 2026 is 4.06% vs 19.00% in Dec 2025
Consolidated Net Profit
QoQ Growth in quarter ended Mar 2026 is 64.49% vs -47.07% in Dec 2025
Annual Results Snapshot (Consolidated) - Dec'25
Dec'25
Dec'24
Change(%)
Net Sales
253,624.50
124,491.40
103.73%
Operating Profit (PBDIT) excl Other Income
11,474.80
709.70
1,516.85%
Interest
10,002.40
1,968.50
408.12%
Exceptional Items
0.00
0.00
Consolidate Net Profit
63,700.90
40,534.50
57.15%
Operating Profit Margin (Excl OI)
-11.30%
-48.90%
3.76%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2025 is 103.73% vs 63.28% in Dec 2024
Consolidated Net Profit
YoY Growth in year ended Dec 2025 is 57.15% vs -3.61% in Dec 2024
About Marine Supply & Engineering Service JSC 
Marine Supply & Engineering Service JSC
Transport Services
Marine Supply and Engineering Service Joint Stock Company (MASERCO) is a Vietnam-based company engaged in ship building and repairing activities. It is also involved in the provision of ship agency and brokerage services, freight forwarding services and other marine port services, such as stevedoring services, vessel supply services, tugboat services, ship cleaning services and freight tally services. In addition, the Company manufactures and repairs containers and road vehicles, as well as provides port facility maintenance services. Other activities include multimodal transportation and the offering of non-life insurance services.
Company Coordinates 
Company Details
So 8A duong Van My, Phuong Van My, Quan Ngo Quyen HAIPHONG None : None
Registrar Details






