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

Vietnam Construction & Import-Export / Equity Bottom-Up

Vietnam Construction & Import-Export (VCG VN)

<ul><li>Vietnam Construction And Import-Export JSC (VCG) reported 1H23 revenue of VND6,533n (+85% YoY) and gross profit of VND812bn (+75% YoY).</li><li>Gross profit rose substantially, due to a surge in revenue from the construction and real estate segments.</li><li>Although revenue has enjoyed impressive growth, interest expenses continue to eat away at VCG’s profits, as total debt levels remain unchanged. As a result, NPAT of the parent fell substantially, to VND128bn from VND655bn (-81% 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>

Vietnam Construction And Import-Export JSC (VCG) reported 1H23 revenue of VND6,533n (+85% YoY) and gross profit of VND812bn (+75% YoY).Gross profit rose substantially, due to a surge in revenue from the construction and real estate segments.Although revenue has enjoyed impressive growth, interest expenses continue to eat away at VCG’s profits, as total debt levels remain unchanged. As a result, NPAT of the parent fell substantially, to VND128bn from VND655bn (-81% 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.

Vietnam Construction and Import-Export JSC - Update - Trade–off Between Growth and Profit