External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

External broker reports(aggregated public sources)

Leading full-service brokerage firm in Vietnam. 

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Thematic (Sector/Industry)

<ul><li>Vietnam saw solid growth in its international trade performance in 2022.</li><li>The country's export-import value recorded a growth rate of 9.1% YoY, amounting to a figure more than US$730bn.</li><li>Export and import values were estimated at US$371.8bn and US$360.6bn, respectively, for growth of 10.6% and 8.4% YoY. </li></ul><div class="content-highlight"><em>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.</em></div>

Vietnam saw solid growth in its international trade performance in 2022.The country's export-import value recorded a growth rate of 9.1% YoY, amounting to a figure more than US$730bn.Export and import values were estimated at US$371.8bn and US$360.6bn, respectively, for growth of 10.6% and 8.4% YoY. 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.

Vietnam Seaport Segment (Neutral) - Pressure from weakening demand

<ul>
<li>In 1H22, listed companies in the seaport segment in general recorded growth in business activities, although the growth rate has shown signs of slowing down compared with that in 2021.</li>
<li>GMD continued to be the segment leader, with strong increases in revenue, profit margin, and NPAT in 1H22, which is superior to the segment average. PDN and VSC also maintained positive growth.</li>
<li>By the end of July, the total accumulated export-import value was estimated at US$431bn (+15.5% YoY), continued the double-digit growth momentum and maintained at a high level in the last four years, even though export-import value has seen a spike in 2021.</li>
<li class="content-highlight"><em>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.</em></li>
</ul>


In 1H22, listed companies in the seaport segment in general recorded growth in business activities, although the growth rate has shown signs of slowing down compared with that in 2021.
GMD continued to be the segment leader, with strong increases in revenue, profit margin, and NPAT in 1H22, which is superior to the segment average. PDN and VSC also maintained positive growth.
By the end of July, the total accumulated export-import value was estimated at US$431bn (+15.5% YoY), continued the double-digit growth momentum and maintained at a high level in the last four years, even though export-import value has seen a spike in 2021.
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.


Seaport segment (Overweight/Maintain) - Maintaining stability

Vietnam

Da Nang Port provides port and container terminal operations. It also engages in storing, cleaning, washing, and inspecting shipping containers. The company is based in Danang, Vietnam. Da Nang Port Co. Ltd operates as a subsidiary of Vietnam National Shipping Lines.

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DaNang Port JSC (CDN VN)

Vietnam Seaport Segment (Neutral) - Pressure from weakening demand

Vietnam saw solid growth in its international trade performance in 2022. The country's export-import value recorded a growth rate of 9.1% YoY,...

Mirae Asset Securities

Seaport segment (Overweight/Maintain) - Maintaining stability

In 1H22, listed companies in the seaport segment in general recorded growth in business activities, although the growth rate has shown signs of...

Mirae Asset Securities

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52-week Range

Market Cap (USDm)

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