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 Container Shipping Jsc / Equity Bottom-Up

<ul><li>In 1Q23, Vietnam Container Shipping JSC (VSC VN) recorded revenue of VND467bn (flat YoY).</li><li>However, a drop in logistics and clearance demand led to cost increases and placed downward pressure on gross margin, which fell to 29.4% (versus 34.5% in 1Q22).</li><li>VSC recorded gross profit of VND136.6bn (-15.8% 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 1Q23, Vietnam Container Shipping JSC (VSC VN) recorded revenue of VND467bn (flat YoY).However, a drop in logistics and clearance demand led to cost increases and placed downward pressure on gross margin, which fell to 29.4% (versus 34.5% in 1Q22).VSC recorded gross profit of VND136.6bn (-15.8% 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 Container Shipping JSC (VSC VN/Buy/TP: VND39,700) - Still a bargain