External broker reports(aggregated public sources), Rong Viet Securities

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Equity Bottom-Up

Hang Xanh Motors Service Jsc / Equity Bottom-Up

<ul><li>Q4 2021 sales reached the peak producing a negative growth rate for Q4 2022 sales.</li><li>We suppose that a lack of inventory is another main reason for lower sales in Q4 2022.</li><li>HAX's inventories went down continuously during the quarters since Q3 2021 and remained at the low level during the first three quarters of 2022.</li></ul><p><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></p>

Q4 2021 sales reached the peak producing a negative growth rate for Q4 2022 sales.We suppose that a lack of inventory is another main reason for lower sales in Q4 2022.HAX's inventories went down continuously during the quarters since Q3 2021 and remained at the low level during the first three quarters of 2022.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.

HAX ­- On the way to strengthen its market share

Vietnam

Hang Xanh Motors Service JSC retails automobiles.

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HAX ­- On the way to strengthen its market share

Q4 2021 sales reached the peak producing a negative growth rate for Q4 2022 sales. We suppose that a lack of inventory is another main reason for...

Rong Viet Securities

HAX - On the way to strengthen its market share