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

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

Cotec Construction JSC / Equity Bottom-Up

<ul><li>Coteccons Construction JSC (CTD) reported FY22 revenue of VND14,537bn, a hefty increase over FY21 (+60% YoY), due to the low–base effect of last year.</li><li>Gross margin improved by 30 bps, from 3.0% to 3.3%, as building material costs have eased since mid-year.</li><li>Operating earnings, however, contradict the impressive growth, as CTD reported a loss of VND54bn, due to significant amounts of provisioning in receivables and held–for–trading securities.</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>

Coteccons Construction JSC (CTD) reported FY22 revenue of VND14,537bn, a hefty increase over FY21 (+60% YoY), due to the low–base effect of last year.Gross margin improved by 30 bps, from 3.0% to 3.3%, as building material costs have eased since mid-year.Operating earnings, however, contradict the impressive growth, as CTD reported a loss of VND54bn, due to significant amounts of provisioning in receivables and held–for–trading securities.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.

Coteccons Construction JSC - Fundamentals Remain Solid