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

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>In 3Q22, MSH recorded revenue of VND1,645.2bn (+26.9% YoY).</li><li>However, gross margin and operating profit margin decreased to 14.9% and 8.9%, respectively (versus a respective 17.6% and 11.5% in 3Q21).</li><li>Financial income increased strongly in 3Q22, reaching VND41.4bn (+57.4% YoY). 3Q22 NPAT reached VND111.3bn (-6.3% 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>

In 3Q22, MSH recorded revenue of VND1,645.2bn (+26.9% YoY).However, gross margin and operating profit margin decreased to 14.9% and 8.9%, respectively (versus a respective 17.6% and 11.5% in 3Q21).Financial income increased strongly in 3Q22, reaching VND41.4bn (+57.4% YoY). 3Q22 NPAT reached VND111.3bn (-6.3% 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.

Song Hong Garment JSC (MSH VN/Buy/TP: VND43,000) - Revenue on the Rise