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>Misto Holdings’ cumulative 1Q-3Q25 revenue was roughly flat YoY, while operating profit increased 20% YoY.</li><li>We believe these results show that the company is laying the groundwork for a turnaround.</li><li>Strong results at Acushnet have contributed to the improvement, with 1Q-3Q25 revenue and operating profit up 8% and 5% YoY respectively (operating profit: +W21.7bn YoY). </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>

Misto Holdings’ cumulative 1Q-3Q25 revenue was roughly flat YoY, while operating profit increased 20% YoY.We believe these results show that the company is laying the groundwork for a turnaround.Strong results at Acushnet have contributed to the improvement, with 1Q-3Q25 revenue and operating profit up 8% and 5% YoY respectively (operating profit: +W21.7bn 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.

Misto Holdings (081660 KS/Buy)Turnaround Potential Coming into View