External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

External broker reports(aggregated public sources)

Leading full-service brokerage firm in Vietnam. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>The worst has passedHigher ASP offsetting tariff pressures In the apparel OEM sector, tariff concerns had generated uncertainty around 3Q25 earnings, but overall results came in better than feared</li><li>At Hansae, volume declined due to softer demand, but a higher ASP (despite tariffs) allowed the company to defend its margins</li><li>In the quarter, USD-based order value was down 2% YoY, resulting in a high-single-digit percentage decline in volume, but ASP saw a mid-single-digit increase (estimates)</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>

The worst has passedHigher ASP offsetting tariff pressures In the apparel OEM sector, tariff concerns had generated uncertainty around 3Q25 earnings, but overall results came in better than fearedAt Hansae, volume declined due to softer demand, but a higher ASP (despite tariffs) allowed the company to defend its marginsIn the quarter, USD-based order value was down 2% YoY, resulting in a high-single-digit percentage decline in volume, but ASP saw a mid-single-digit increase (estimates)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.

Hansae (105630 KS/Buy)The Worst Has Passed

South Korea

Hansae Co., Ltd manufactures and exports apparels through Original Equipment Manufacturing methods.  The Company mainly distributes its garments to North America.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Hansae Co Ltd (105630 KS)

Hansae (105630 KS/Buy)The Worst Has Passed

The worst has passedHigher ASP offsetting tariff pressures In the apparel OEM sector, tariff concerns had generated uncertainty around 3Q25...

Mirae Asset Securities

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)