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

<ul><li>In 3Q22, MSH recorded revenue of VND1,645.2bn (+26.9% YoY).</li><li>However, gross margin and operating profit margin decreased to 14.9% and 8.9%, respectively (versus a respective 17.6% and 11.5% in 3Q21).</li><li>Financial income increased strongly in 3Q22, reaching VND41.4bn (+57.4% YoY). 3Q22 NPAT reached VND111.3bn (-6.3% 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>

In 3Q22, MSH recorded revenue of VND1,645.2bn (+26.9% YoY).However, gross margin and operating profit margin decreased to 14.9% and 8.9%, respectively (versus a respective 17.6% and 11.5% in 3Q21).Financial income increased strongly in 3Q22, reaching VND41.4bn (+57.4% YoY). 3Q22 NPAT reached VND111.3bn (-6.3% 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.

Song Hong Garment JSC (MSH VN/Buy/TP: VND43,000) - Revenue on the Rise

Vietnam

Song Hong Garment Joint Stock Company manufactures garments. The Company designs apparel such as pants, tops, dress, coats, jackets, and sweaters. Song Hong Garment serves customers worldwide.

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Song Hong Garment (MSH VN)

Song Hong Garment JSC (MSH VN/Buy/TP: VND43,000) - Revenue on the Rise

In 3Q22, MSH recorded revenue of VND1,645.2bn (+26.9% YoY). However, gross margin and operating profit margin decreased to 14.9% and 8.9% respectively

Mirae Asset Securities

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