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

<ul><li>Jump in profits from Nam Hai Dinh Vu port (NHDV) divestment: In 2Q23, pressured by weak export-import activities, Gemadept Corporation (GMD) recorded a 6.73% YoY drop in revenue, reaching VND912.2bn.</li><li>However, gross margin increased slightly, withgross profits nearly unchanged, at VND430.7bn.</li><li>The divestment of NHDV brought a financial profit of VND1,844bn. </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>

Jump in profits from Nam Hai Dinh Vu port (NHDV) divestment: In 2Q23, pressured by weak export-import activities, Gemadept Corporation (GMD) recorded a 6.73% YoY drop in revenue, reaching VND912.2bn.However, gross margin increased slightly, withgross profits nearly unchanged, at VND430.7bn.The divestment of NHDV brought a financial profit of VND1,844bn. 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.

Gemadept Corporation - Divestment Boosts Profits