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 FY23 revenue of VND6,744bn, a hefty increase over FY22 (+30% YoY), as its workload grew and business operations began to recover.</li><li>Conversely, gross margin fell by a relatively substantial 3%, to 2.3% from 5.4%, due to rising labor costs and building materials.</li><li>Operating earnings, however, returned to the black, thanks to the drop in provisioning to VND68bn from VND257bn (-73.4% 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>

Coteccons Construction JSC (CTD) reported FY23 revenue of VND6,744bn, a hefty increase over FY22 (+30% YoY), as its workload grew and business operations began to recover.Conversely, gross margin fell by a relatively substantial 3%, to 2.3% from 5.4%, due to rising labor costs and building materials.Operating earnings, however, returned to the black, thanks to the drop in provisioning to VND68bn from VND257bn (-73.4% 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.

Coteccons Construction JSC - Update - Sustainable Growth