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Equity Bottom-Up

Hang Xanh Motors Service Jsc / Equity Bottom-Up

<ul><li>Amid the subdued landscape of the auto sector post-Covid-19, HAX has identified MG as a "beacon" to re-enter the growth phase lost from MBZ in 2024.</li><li>However, the gradual decline in benefits derived from MG is expected to slow HAX's NPAT growth momentum over time.</li><li>The luxury car market has remained subdued since Covid-19, driven by domestic economic factors such as disposable income, consumer confidence, related taxes and fees, and transportation infrastructure, which have yet to see significant improvements.</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>

Amid the subdued landscape of the auto sector post-Covid-19, HAX has identified MG as a "beacon" to re-enter the growth phase lost from MBZ in 2024.However, the gradual decline in benefits derived from MG is expected to slow HAX's NPAT growth momentum over time.The luxury car market has remained subdued since Covid-19, driven by domestic economic factors such as disposable income, consumer confidence, related taxes and fees, and transportation infrastructure, which have yet to see significant improvements.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.

HAX - Regaining Growth Momentum with a Boost from MG