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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Equity Bottom-Up

Saigon Beer Alcohol Beverage C / Equity Bottom-Up

<ul><li>Saigon Beer - Alcohol - Beverage Corporation (SAB VN) saw a significant decline in revenue, amid negative consumption sentiment and economic prospects. SAB’s 1Q23 revenue fell 15.2% YoY, to VND6,240.1bn.</li><li>GM increased to 30.7% (vs. 29.5% in 1Q22). As interest rates have risen, financial revenue jumped 56.5% YoY to VND358.4bn.</li><li>Sales costs increased 14.1% YoY, as the company pushed marketing and sales activities.</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>

Saigon Beer - Alcohol - Beverage Corporation (SAB VN) saw a significant decline in revenue, amid negative consumption sentiment and economic prospects. SAB’s 1Q23 revenue fell 15.2% YoY, to VND6,240.1bn.GM increased to 30.7% (vs. 29.5% in 1Q22). As interest rates have risen, financial revenue jumped 56.5% YoY to VND358.4bn.Sales costs increased 14.1% YoY, as the company pushed marketing and sales activities.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.

Saigon Beer - (SAB VN/Trading Buy/TP: VND176,500) - A Challenging Year

Vietnam

Saigon Beer - Alcohol - Beverage Corporation produces and distributes alcoholic beverages. The Company offers beer, spirits, soda, and other products. Saigon Beer - Alcohol - Beverage serves clients in Vietnam.

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