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)

Thematic (Sector/Industry)

Vietnam Consumer discretionary / Thematic (Sector/Industry)

<ul><li>Although the general seaport sector has enjoyed strong growth in 10M24, with significant support from both macro and industrial areas, we believe there remain uncertainties from macro factors in the remainder of 2024 and 2025.</li><li>Thus, we maintain our Neutral rating for the Vietnam seaport sector.</li><li>Import-export and clearance activities maintained growth: Import-export value maintained growth momentum in 10M24, at US$647.9bn (+15.9% YoY; 7M24: +17.6% 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>

Although the general seaport sector has enjoyed strong growth in 10M24, with significant support from both macro and industrial areas, we believe there remain uncertainties from macro factors in the remainder of 2024 and 2025.Thus, we maintain our Neutral rating for the Vietnam seaport sector.Import-export and clearance activities maintained growth: Import-export value maintained growth momentum in 10M24, at US$647.9bn (+15.9% YoY; 7M24: +17.6% 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.

Dinh Vu Port Investment & Development (DVP VN)

Hai An Transport & Stevedoring Jsc (HAH VN)

Vietnam Seaport Sector (Neutral) - High Growth Rate Maintained