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Equity Bottom-Up

Duc Giang Chemicals & Detergen / Equity Bottom-Up

<ul><li>Revenue of Yellow Phosphorus decreased slightly while TPA and Fertilizer grew well</li><li>Revenue reached VND2,894 billion (+15% YoY, +3% QoQ) with the main contribution from yellow phosphorus (supported by stable demand from the semiconductor market) and fertilizers (supported by supply shortages from China and pushing costs).</li><li>Gross profit margin (GPM) was at 33.9% (-100 bps QoQ) with gross profit reaching VND 980 billion – equivalent to the same quarter due to favorable selling price movements.</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 of Yellow Phosphorus decreased slightly while TPA and Fertilizer grew wellRevenue reached VND2,894 billion (+15% YoY, +3% QoQ) with the main contribution from yellow phosphorus (supported by stable demand from the semiconductor market) and fertilizers (supported by supply shortages from China and pushing costs).Gross profit margin (GPM) was at 33.9% (-100 bps QoQ) with gross profit reaching VND 980 billion – equivalent to the same quarter due to favorable selling price movements.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.

DGC - Yellow Phosphorus and Fertilizers Are Short-Term Growth Drivers