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>Nam Long Investment Corporation (NLG) reported 3Q22 revenue of VND881n (+483% YoY) and NPAT of the parent of VN8bn (-97% YoY), achieving 38% and 10% of the 2022 fiscal plan, respectively. Of this:</li>
<li>The majority of revenue (90%) came from the handover of apartments and houses in Akari and Southgate.</li>
<li>Earnings fell sharply YoY, due to the bargain purchase from the consolidation of Southgate JSC last year, while selling expenses surged eleven-fold at the same time.</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>


Nam Long Investment Corporation (NLG) reported 3Q22 revenue of VND881n (+483% YoY) and NPAT of the parent of VN8bn (-97% YoY), achieving 38% and 10% of the 2022 fiscal plan, respectively. Of this:
The majority of revenue (90%) came from the handover of apartments and houses in Akari and Southgate.
Earnings fell sharply YoY, due to the bargain purchase from the consolidation of Southgate JSC last year, while selling expenses surged eleven-fold at the same time.

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.

Nam Long Investment Corporation (NLG / Non-Rated) - Update - 3Q22 Earnings Results