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>Revenue maintained, but profit margins down: In 2Q23, VSC’s revenue saw a modest increase of 4.5% YoY, reaching VND534.6bn.</li><li>Due to weak import-export activities, gross margin declined to 27.8% (2Q22: 34.7%; 1Q23: 29.7%).</li><li>Gross profit reached VND148.8bn (-16.2% YoY). As VSC increased its shortterm and long-term debt for Nam Hai Dinh Vu (NHDV) port acquisition, 2Q23 financial costs jumped to VND44.1bn (2Q22: VND0.5bn).</li></ul><p><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></p>

Revenue maintained, but profit margins down: In 2Q23, VSC’s revenue saw a modest increase of 4.5% YoY, reaching VND534.6bn.Due to weak import-export activities, gross margin declined to 27.8% (2Q22: 34.7%; 1Q23: 29.7%).Gross profit reached VND148.8bn (-16.2% YoY). As VSC increased its shortterm and long-term debt for Nam Hai Dinh Vu (NHDV) port acquisition, 2Q23 financial costs jumped to VND44.1bn (2Q22: VND0.5bn).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) - Signs of Improvement in 2H23