External broker reports(aggregated public sources), Vietcap

Vietcap

External broker reports(aggregated public sources)

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<ul><li>We provide an update on CNG following <a href="https://iq.vietcap.com.vn/report-detail/en/cng-not-rated-plans-to-enter-lng-market-as-pv-gas-s-distributor-visit-note" target="_blank" rel="noopener">our last report</a>, dated August 8, 2022. </li><li>In H1 2024, CNG’s revenue dropped 7% YoY but gross profit surged 22% YoY, which was mainly due to a lower depreciation expense.</li><li>However, GPM fluctuated from 5% in Q1 to 11% in Q2 2024 as CNG has applied a new price mechanism since January 2024 (see p.6).  </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We provide an update on CNG following our last report, dated August 8, 2022. In H1 2024, CNG’s revenue dropped 7% YoY but gross profit surged 22% YoY, which was mainly due to a lower depreciation expense.However, GPM fluctuated from 5% in Q1 to 11% in Q2 2024 as CNG has applied a new price mechanism since January 2024 (see p.6).  Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CNG [NOT RATED] - LNG Business to Drive Long-Term Outlook - Visit Note

Vietnam

As of March 14, 2016,  operates as a subsidiary of Petrovietnam Gas Joint Stock Corporation.

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