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

<ul><li>Earnings below expectations: IDC announced a weaker-than-expected performance in 4Q24, with revenue and net profit of VND1,955bn (-12.7% YoY) and VND358bn (-35.1% YoY), respectively.</li><li>The decline is primarily due to a lack of industrial park (IP) land handovers, while other segments continued to grow.</li><li>Subsequently, 2024 earnings fell short of our expectations, fulfilling only 94% of the full-year forecast for revenue, at VND8,846bn (+22.2% YoY), and 73% of net profit, at VND1,996bn (+43.2% 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>

Earnings below expectations: IDC announced a weaker-than-expected performance in 4Q24, with revenue and net profit of VND1,955bn (-12.7% YoY) and VND358bn (-35.1% YoY), respectively.The decline is primarily due to a lack of industrial park (IP) land handovers, while other segments continued to grow.Subsequently, 2024 earnings fell short of our expectations, fulfilling only 94% of the full-year forecast for revenue, at VND8,846bn (+22.2% YoY), and 73% of net profit, at VND1,996bn (+43.2% 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.

IDICO Corporation - JSC (IDC VN) – Growth Peaking, Signs of Slowdown