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>Although the general seaport sector has seen a gradual recovery, with significant support from both macro and industrial areas, we believe there remain dark clouds over the segment for 2024.</li><li>Thus, we maintain our Neutral rating for the Vietnam seaport sector.</li><li>Export-import value maintained the recovery trend when the decline narrowed gradually in 10M23, at US$557.9bn (-9.5% YoY; 8M23: -13.1% YoY). Of this, 10M23 export and import values reached US$291.3bn (-7.1% YoY; 8M23: -10% YoY) and US$266.7bn (-12.3% YoY; 8M23: - 16.2% 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 seen a gradual recovery, with significant support from both macro and industrial areas, we believe there remain dark clouds over the segment for 2024.Thus, we maintain our Neutral rating for the Vietnam seaport sector.Export-import value maintained the recovery trend when the decline narrowed gradually in 10M23, at US$557.9bn (-9.5% YoY; 8M23: -13.1% YoY). Of this, 10M23 export and import values reached US$291.3bn (-7.1% YoY; 8M23: -10% YoY) and US$266.7bn (-12.3% YoY; 8M23: - 16.2% 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 Seaport Segment (Neutral) - Heading towards recovery