Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 15 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Sai Gon Cargo Service (SCS VN): 11.5x FY24e PE, ~7% Dividend Yield, >70% Net Margin Business

Saigon Cargo Services (SCS VN): Good Q1 2024 in the Bag, More Catalyst To Come

Sai Gon Cargo Service (SCS VN): Strong Q2 2024, 8% Dividend Yield, >40% ROEs, Net Cash

Sai Gon Cargo Services (SCS VN) Update: Price Hikes, Strong Q1 2024 Operational Numbers

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

Sai Gon Cargo Service  / Equity Bottom-Up

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<li>
<a href="https://www.smartkarma.com/entities/sai-gon-cargo-service-corp" target="_blank" data-smartkarma-citation="entities:40374:1" rel="noopener">Sai Gon Cargo Service (SCS VN)</a> reported yet another strong month of data, with cargo volumes for August 2024 up 40% YoY. YTD volumes are up 43%. </li>
<li>At this run rate, the company will comfortably beat its volume guidance of 248,000 tons for  FY24 (&gt;30% YoY). Q3FY24 will benefit from the full effect of the tariff hikes.</li>
<li>With the recent correction, the stock trades at 11.9x FY24e and has an 8% dividend yield. The company's next catalyst would be its Q3 FY24 result in November. </li>
</ul>



Sai Gon Cargo Service (SCS VN) reported yet another strong month of data, with cargo volumes for August 2024 up 40% YoY. YTD volumes are up 43%. 
At this run rate, the company will comfortably beat its volume guidance of 248,000 tons for  FY24 (&gt;30% YoY). Q3FY24 will benefit from the full effect of the tariff hikes.
With the recent correction, the stock trades at 11.9x FY24e and has an 8% dividend yield. The company's next catalyst would be its Q3 FY24 result in November. 


Saigon Cargo Services (SCS VN): August Volumes of 40% YoY, Correction Provides An Opportunity